Safeway shutters more stores as Albertsons continues strategic closures

Corporate Action
โดย TheStreet·US·Read original
Summary · why it matters

Safeway has closed additional locations, including a 30-year-old store in Newport, Oregon, and a 40-year-old store in Washington, D.C., as parent company Albertsons continues to trim its store footprint. The closures are part of a broader trend, with 30 Albertsons locations closed in 2025 and another 12 planned for 2026 so far. CEO Susan Morris stated during the first-quarter earnings call that the company is making difficult decisions to exit underperforming stores, though the number remains a small portion of the overall fleet. The move follows similar actions by other grocers, including Kroger's plan to shutter 60 locations over 18 months and Grocery Outlet's closure of 36 stores. While affected employees have been transferred to nearby locations under union agreements, the closures reduce full-service grocery options in neighborhoods that have relied on these stores for decades.

Impact on stocks 3

Consumer Staples▼ · 3 stocks
Albertsons Companies
ACI
▼ NegativeDemandrelevance

Albertsons is closing underperforming stores, reducing its footprint and full-service grocery options.

Grocery Outlet Holding Corp
GO
± MixedCompetitionrelevance

Grocery Outlet is mentioned as having closed 36 stores, but no direct impact on its operations is stated.

Kroger Company
KR
± MixedCompetitionrelevance

Kroger's plan to shutter 60 locations is noted as a similar action, but no direct impact on Kroger is discussed.

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