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Albertsons to close 26 U.S. stores
LA Times ^ | 9/5/2012 | Shan Li and Walter Hamilton

Posted on 09/05/2012 8:51:54 PM PDT by tobyhill

The parent company of the Albertsons supermarket chain is closing 26 stores nationwide, including 18 in Southern California, as it tries to overcome sharp operating losses and stiff price competition from big-box rivals.

Supervalu Inc. said late Wednesday that the closings are part of a decision to eliminate about 60 stores nationwide, primarily in its Albertsons and Save-A-Lot chains. Albertsons will have 228 stores in California after the closures.

Among the Albertsons locations in Southern California scheduled to be closed by December are stores in Long Beach, Glendale, Northridge and Van Nuys. A store in Culver City closed last month.

(Excerpt) Read more at latimes.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: california; economy; food; supermarkets
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1 posted on 09/05/2012 8:52:00 PM PDT by tobyhill
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To: tobyhill
Major corporations open and close dozens of stores based on performance even in the best economic climate.
2 posted on 09/05/2012 8:58:43 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: tobyhill

just another bunch of greedy corporate bastards out there creating food deserts and depriving people of their constitutions rights to conveniently located frozen pizza and cigarettes /sarc


3 posted on 09/05/2012 9:02:09 PM PDT by bigbob
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To: tobyhill

In my suburban OC town, Walmart just opened their first Neighborhood Market, near three other Albertson’s.

Other stores within three miles include Trader Joe’s, Vons, Stater Bros., Target, Smart & Final, Mother’s, plus some more.

Walmart’s Neighborhood format is a medium sized store, about like a 1950s grocery store, plus pharmacy, open 24 hours.

If Albertson’s is cutting, I expect one of theirs could come up.


4 posted on 09/05/2012 9:02:34 PM PDT by truth_seeker
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To: tobyhill

In my suburban OC town, Walmart just opened their first Neighborhood Market, near three other Albertson’s.

Other stores within three miles include Trader Joe’s, Vons, Stater Bros., Target, Smart & Final, Mother’s, plus some more.

Walmart’s Neighborhood format is a medium sized store, about like a 1950s grocery store, plus pharmacy, open 24 hours.

If Albertson’s is cutting, I expect one of theirs could come up.


5 posted on 09/05/2012 9:03:21 PM PDT by truth_seeker
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To: tobyhill

Going into Albertsons around where we live is kinda like going into KMart. It just looks dirty inside compared to the other mega stores.


6 posted on 09/05/2012 9:03:36 PM PDT by TheZMan (Obama is without a doubt the worst President ever elected to these United States)
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To: tobyhill

Their grocery and non-grocery prices are routinely 2 to 3 times higher than WalMart and other lower priced competitors (such as Winco). The reason? Unionized workforce.


7 posted on 09/05/2012 9:03:48 PM PDT by Newtoidaho (Fight organized crime. Vote out all incumbent Democrats!)
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To: tobyhill

Albertson’s makes Kroger prices look really good.

Best prices are at WinCo if you have one in your area.


8 posted on 09/05/2012 9:06:27 PM PDT by SeaHawkFan
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To: tobyhill

More Hope and Change.


9 posted on 09/05/2012 9:09:14 PM PDT by cruise_missile (')
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To: tobyhill
I shop every other day and I notice a trend of walking by the meat section, nobody stops.
I stop and look at the prices with a cringe and keep going myself. 5.50LB for Chuck?
Beef is my friend but not at the current prices. Chicken will do.
10 posted on 09/05/2012 9:11:34 PM PDT by MaxMax
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To: MrEdd

LOL...But when the employees are laid off by the train load people take notice. No?


11 posted on 09/05/2012 9:15:25 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: tobyhill
The parent company of the Albertsons supermarket chain is closing 26 stores nationwide, including 18 in Southern California, as it tries to overcome sharp operating losses and stiff price competition from big-box rivals.

Have they talked to 0bama, Inc. to work out a business merger to save their business as of yet?.....

Or are they nonunion?

12 posted on 09/05/2012 9:16:24 PM PDT by EGPWS (Trust in God, question everyone else)
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To: SeaHawkFan
Best prices are at WinCo if you have one in your area.

I have five WinCo supermarkets within 30 minutes' driving time of my home. No wonder why I have a big stack of WinCo paper bags at my house.

13 posted on 09/05/2012 9:18:05 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: tobyhill

Kalipornia will always be Kalipornia

pity


14 posted on 09/05/2012 9:26:29 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: MaxMax

$5.50 a pound?? jeesh


15 posted on 09/05/2012 9:28:44 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: SeaHawkFan

You are so right, Albertson’s is pricier than the other grocery stores I go to. Unfortunately, they are the closest ones to my house, so if we need to make a quick trip to the grocery store, that’s where we go.


16 posted on 09/05/2012 9:29:13 PM PDT by psjones (u)
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To: truth_seeker
Other stores within three miles include Trader Joe’s, Vons, Stater Bros., Target, Smart & Final, Mother’s, plus some more.

I do a lot of my shopping at Mother's, Trader Joe's and Sprouts.

17 posted on 09/05/2012 9:54:25 PM PDT by Fiji Hill (Deo Vindice!)
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To: tobyhill
There are a lot of Albertson's supermarkets that were put down in the 1960s in areas that were pretty nice at the time, but are anything but nice in 2012.

All the ones I am thinking of are in SoCal.

Southern California: The land where if you're middle-aged, you could really be taking an unnecessary risk by going back and visiting the neighborhood you grew up in and the high school you graduated from 25+ years ago.

18 posted on 09/05/2012 9:55:31 PM PDT by The KG9 Kid (Semper Fi)
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To: tobyhill
They went through an expansion faze and over did it. They opened three new stores in middle TN about 6-8 years ago and in less than two they were all closed.

Publix took over two.

19 posted on 09/05/2012 10:06:11 PM PDT by Fledermaus (Democrats are dangerous and evil. Republicans are useless and useful idiots.)
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To: The KG9 Kid

Tell me about it. I went K-7 in the Chino Unified School District from 1965-73. Wouldn’t go back to that town if they made me the king.


20 posted on 09/05/2012 11:49:34 PM PDT by 2ndDivisionVet (You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
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