Albertsons Announces $10 Million in Aid to Katrina Victims

BOISE, Idaho, Sept. 2  /PRNewswire-FirstCall/ -- Albertson's, Inc. (NYSE: ABS) announced today that it will be providing $10 million in aid to the victims of Hurricane Katrina.

After working closely with the Red Cross to determine what was needed most, the company said that it will be providing $9 million in water, food and general merchandise from its hunger relief fund and will also establish a $1 million cash matching fund to match donations from customers and associates.

Larry Johnston, Chairman, President & CEO said, "The magnitude and scope of this incredible disaster demands that we rally to support our fellow Americans in need on the Gulf Coast. In-store donation canisters will be in place in all 2,500 stores beginning this weekend and shipments of water, food and general merchandise are already moving to the impacted areas. The thoughts and prayers of our 240,000 associates are with the victims and their families."

Albertsons is one of the world's largest food and drug retailers.  The company's divisions and subsidiaries operate approximately 2,500 stores in 37 states across the U.S. and employ approximately 240,000 associates.  Its banners include Albertsons, Acme, Shaw's, Jewel-Osco, Sav-on Drugs, Osco Drug, and Star Market, as well as Super Saver and Bristol Farms, which are operated independently. 

DATASOURCE: Albertson's, Inc.



CONTACT:  For more information contact: Shannon Bennett, Albertsons,

[phone]

Copyright