Albertsons’ renewed focus on customer-centric strategies positions the company to navigate an evolving consumer landscape, Sankaran added, signaling a fresh chapter for the grocery giant, even as the fallout from the failed merger continues to unfold in the courts.

Albertsons will be laying off a portion of its corporate workforce after a merger between the Boise-based grocery chain and Kroger fell through following legal challenges.

Albertsons to layoff corporate staff following a recent failed merger with Kroger

Shares of Albertsons Companies (NYSE:ACI) are trading defensively for the first time in six days after the company said it was letting go of some of its corporate staff to “recalibrate the company to compete in a rapidly changing market.

A statement from an Albertsons spokesperson said the company is laying off a portion of its corporate and division support workforce. The total number of employees impacted is not being disclosed. No store-level jobs are affected,