The latest strategic addition to Albertsons Cos.’ thriving grocery e-commerce business has the food retailer partnering with Pinterest, a leading platform for food discovery and inspiration, to drive new first-to-market shopping experiences. The new multi-year agreement, the largest ever between the two partners, will use artificial intelligence (AI) and application programming interface (API) technology to help grocery shoppers plan inspired, fresh meals. The collaboration also taps into Pinterest’s growing creator ecosystem, forward looking trends and new formats like Idea Pins — Pinterest’s multi-page video format.
Digital sales continued to climb in Albertsons Cos.’ first fiscal quarter ending June 19, with a 276% increase on a two-year stacked basis. So it’s inevitable that the food retailer continues to make moves to create immersive digital experiences. Just yesterday, on Sept. 22, the company formed a partnership with Firework, a short-form video platform. The retailer is the first U.S. grocer to employ the Firework platform to bring online shoppers a community-oriented experience led by shoppable, short-form and livestream video.
In regards to Albertsons Cos.’ latest partnership with Pinterest, planned innovations include:
Ninety-three percent of food and beverage weekly “Pinners” use Pinterest to discover products in their path to purchase. Currently trending on Pinterest:
“At 4:00pm every day, the number one food search on Pinterest is ‘what’s for dinner,’ and Albertsons Cos. is delivering with inspiring and intuitive experiences that help our Pinners answer that question every day,” said Jon Kaplan, chief revenue officer at San Francisco-based Pinterest. “Albertson’s forward-looking use of Pinterest only solidifies the critical role that online grocery inspiration will continue to play in the consumer journey. We’re thrilled to see how the team is creating quality content through multiple channels, from our API and AI innovations, to our burgeoning Creator ecosystem.”
“Solving the age-old question of ‘what’s for dinner?’ is something that we’ve been determined to simplify for our customers,” said Chris Rupp, EVP/chief customer and digital officer at Albertsons. “We want to meet them where they are while making the experience easy and enjoyable, and our partnership with Pinterest is just one more way Albertsons is creatively looking to continue our connections with customers as a food authority.”
Another big retail name is also making moves to help answer the “what’s for dinner?” question. Bentonville, Ark.-based Walmart Inc. and venerable publisher Meredith Corp. announced their partnership a few weeks ago to help consumers plan and prepare meals faster and more easily through AI-powered meal planning, shoppable recipes, visual search, chatbots, and more. The program includes visual search technologies, a voice-activated experience through Allrecipes Action for Google Assistant and shoppable video ads airing on the TikTok social media platform.
Boise, Idaho-based Albertsons operates more than 2,200 retail stores with 1,700-plus pharmacies, 400 associated fuel centers, 22 dedicated distribution centers and 20 manufacturing facilities. The company’s stores predominantly operate under the Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw’s, Star Market, United Supermarkets, Kings Food Markets and Haggen banners. Albertsons is No. 8 on The PG 100, Progressive Grocer’s 2021 list of the top food and consumables retailers in North America. Walmart U.S. is No. 1 on The PG 100.