retail news in context, analysis with attitude

•  Albertsons said yesterday that its fiscal third quarter revenue increased 8.6 percent to $16.7 billion, as same store sales rose 5.2 percent - both numbers were well above analysts expectations.

The company also said that digital sales increased 9 percent over the previous year, with a two-year increase of 234 percent, a result of shifts in consumer behavior because of the pandemic.

Q3 adjusted net income was $457.2 million, compared to $386.6 million during the third quarter of fiscal 2020.

•  TravelWeekly reports that Martha Stewart is getting into the restaurant business for the first time, with The Bedford by Martha Stewart, described as a 194-seat facility that will "evoke her own country farmhouse" with "seasonal, farm-to-table ingredients … emphasized on dinner, weekend brunch and holiday menus."

The restaurant is slated to open in Paris Las Vegas sometime this spring.