Major grocery chain closes more stores, cuts jobs as post-merger fallout deepens [FOX Business Network]
Albertsons Companies, Inc. Class A (ACI)
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Source: FOX Business Network
Albertsons is closing additional stores and cutting jobs nationwide as it works to stabilize operations following the collapse of its $24.6 billion merger with Kroger, intensifying pressure on the grocery chain. The Boise, Idaho-based company – which operates banners including Safeway, Vons and Pavilions – has announced a new round of closures in recent weeks as it pivots to cost-cutting and operational changes. The company has closed roughly 20 stores in 2025, underscoring mounting pressure as it competes with larger rivals such as Walmart and other low-cost operators. In Southern California , Vons stores in Escondido and Redlands will close in April, eliminating 135 jobs. An Albertsons store near Riverside, California, shut down in March, cutting 75 workers, while a Safeway in Northern California closed earlier this year, affecting 76 employees. The cuts extend beyond the West Coast. Two Albertsons-owned stores in North Texas are set to close by late April, impacting 138 wo
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ACI
News
- More trouble brewing for Albertsons and Kroger [Yahoo! Finance]Yahoo! Finance
- Store loyalty apps promise savings but critics warn your data is the real price [CBS News]CBS News
- Albertsons Companies (ACI) had its "outperform" rating reaffirmed by Royal Bank Of Canada. They now have a $21.00 price target on the stock.MarketBeat
- A Look At Albertsons (ACI) Valuation After Revenue Growth And EBITDA Beat [Yahoo! Finance]Yahoo! Finance
- California households impacted as grocery giant shutters stores — firing hundreds of workers [Yahoo! Finance]Yahoo! Finance
ACI
Earnings
- 1/7/26 - Beat
ACI
Sec Filings
- 4/9/26 - Form 4/A
- 3/26/26 - Form SCHEDULE
- 3/13/26 - Form 4
- ACI's page on the SEC website