Albertsons plans to close 26 more stores, sells one Idaho store

adutton@idahostatesman.comJanuary 15, 2014 

The Boise-based Albertsons chain plans to close 26 stores around the country by next month. At least three more stores, including one in Idaho, will change ownership because of previous agreements.

A spokeswoman said the company will close:

  • 11 stores in Southern California
  • Two in Las Vegas
  • One in Albuquerque, N.M.
  • One in Phoenix, Ariz.
  • Five in Washington
  • Two in Oregon
  • Two stores with the Acme Markets banner in Pennsylvania
  • Two stores with the Shaw's banner in Massachusetts
Two Acme Market stores in the chain located in Philadelphia are closing after their leases expire, spokeswoman Christine Wilcox said. "Not all of these locations were [slated for closure] strictly for underperformance," she said.

Most of the stores are part of Albertson's LLC, a company created in 2006 to run Albertsons stores purchased that year by a group of private investors, led by New York's Cerberus Capital. The Pennsylvania and Massachusetts stores are part of New Albertsons Inc., which shares a parent company with Albertson's LLC.

Cerberus and the other private investors last year bought New Albertson's Inc. and its stores from Minnesota-based Supervalu, which had been the other buyer of Albertsons during the 2006 sale. That essentially reunited the Albertsons chain and made the Boise-based company the largest in Idaho in terms of revenues. The Federal Trade Commission required Albertsons to sell two stores — in Amarillo and Wichita Falls, Texas — as part of its recent $385 million purchase of Texas-based United Supermarkets.

Separately, the company this month sold an Albertsons store in Burley. The buyers plan to turn the building into a Stokes Fresh Food Market grocery store and True Value hardware store, according to the Times-News.

According to industry publication Supermarket News, the company closed six stores in New Hampshire since acquiring more than 800 stores from Minnesota-based Supervalu last year.

The latest reports bring the closure tally to 35 stores in the past year.

Meanwhile, the company is adding stores to its ranks. Several news outlets in Chicago reported last month that four Dominick's stores previously owned by Safeway would become Jewel-Osco stores, one of the banners owned by the Albertsons parent company.

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