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Albertsons Closures After Kroger Deal Falls Through | Los Angeles News
Description
Albertsons, Safeway’s parent company, is aggressively rethinking its store footprint after the failed Kroger merger, shuttering 35 stores — up from 10 the prior year — while opening 9 new ones, still maintaining over 2,200 locations nationwide. These closures are hitting the bottom line hard, costing $63 million in sales and soaring real estate expenses, even as the company invests in remodeling 100 stores and boosting its digital platform. With 280,000 employees across multiple grocery brands, Albertsons now faces legal battles over the terminated merger deal, which regulators blocked over antitrust concerns — and a hefty termination fee still hanging over their heads.
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