PRESS RELEASE: BOISE, Idaho — Albertsons Companies BB #:193326 is strategically shifting the future of the Plated brand from a dinner-based subscription solution to a comprehensive in-house culinary brand that will join the company’s lineup of popular private label products.
As a result, Plated’s subscription service will be phased out at the end of November, giving way to a sharper focus on how the brand can help deliver a differentiated in-store experience. The company plans to expand the Plated brand with new product offerings in additional stores in 2020.
“Our vision for Plated includes an expanded set of products that goes far beyond a dinner-based solution and into a comprehensive in-house culinary brand,” said Geoff White, EVP & Chief Merchandising Officer. “With a broader scope of offerings, we see Plated solving customer demands around convenience, lifestyle, and cooking experience, while adding yet another layer of interest to our in-store journey.”
The marketing and product development team behind the company’s Own Brands will manage the expansion of Plated into a holistic home meal solution. That same team has grown iconic billion-dollar brands like O Organics, Lucerne, Signature Select, and Signature Café.
Own Brands remains an important source of growth and innovation at Albertsons Cos. Own Brands penetration grew from 23.0% in FY2017 to 25.3% in Albertsons Cos. most recently reported quarter. The Own Brands team launched 1,100 new items in 2018 alone.
The decision to formally bring Plated into the company’s lineup of Own Brands comes after extensive testing of the meal kits’ in-store performance in its Safeway stores in Northern California. The company found that shoppers who purchase Plated products are more likely to have families and have a larger basket than the average shopper.
“Plated’s brand appeals to our most loyal and highest value customers, especially those that skew towards convenient, fresh, and organic products,” White added.
As the Plated portfolio grows in the store, its products will be available for purchase online through stores’ existing eCommerce platforms, which offer delivery in as little as two hours or pickup through its Drive Up & Go service.
About Albertsons Companies
Locally great and nationally strong, Albertsons Companies is one of the largest food and drug retailers in the United States. We operate stores across 34 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs. Albertsons Companies is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2018 alone, along with the Albertsons Companies Foundation, the company gave $262 million in food and financial support. These efforts helped millions of people in the areas of hunger relief, education, cancer research and treatment, programs for people with disabilities and veterans’ outreach.