Tom Lofland Steps Down as President of Jewel Osco
Tom Lofland, president of Jewel Osco since August 2018, has retired after a career spanning over 35 years in the grocery industry. He held various leadership roles at Albertsons and Safeway before joining Jewel Osco in June 2014 as director of center store. Albertsons Companies Inc., which owns Jewel Osco, is undergoing significant restructuring through its ACI Edge initiative to address declining sales performance. The company reported a disappointing first quarter with identical sales down 0.8% and has revised its full-year outlook downward across several metrics including EBITDA and adjusted earnings per share. The leadership change at Jewel Osco comes amid broader operational challenges for Albertsons, which is consolidating divisions to improve efficiency in response to softer consumer demand.
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