Safeway closing more stores as Albertsons reshapes footprint after failed Kroger merger
Safeway is closing additional stores as parent company Albertsons Companies reassesses its retail footprint following the collapse of its proposed $24.6 billion merger with Kroger.Albertsons told USA Today that the company had slowed its potential "portfolio optimization" efforts while the Kroger transaction was pending, then resumed evaluating its store network after the deal fell apart. That process has included opening stores in areas where the company sees long-term demand while […]
