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American grocery retail is being repriced from the bottom up, with consumers who absorbed years of food inflation now gravitating toward operators who moved first and fastest on shelf costs.
Against that backdrop, BMO analysts have concluded that Albertsons is not reducing prices quickly enough to compete effectively with Walmart and Aldi for market share.
BMO's assessment: the pace is the problem The core of the BMO argument is tempo, not direction.
Albertsons may be moving prices lower, but the analysts see that movement as insufficient to close the competitive distance from Walmart (WMT) and Aldi, the two operators that have established themselves as reference-price setters in American grocery.
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