Albertsons Closures After Kroger Deal Falls Through | Los Angeles News

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. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/908bfa61f3cb9644 Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Los Angeles News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews