This popular grocery channel closes stores in December - and others could come

Selected stores are on the cutting block, but a recent announcement could endanger more.


There is a good chance that there are some differentgrocery store Where you live, but, as with a lot of things in life, you probably have a favorite to buy. Maybe he has the best selection of products or a beautiful range of bakery products, or maybe you just forge a special relationship with employees. In this spirit,say goodbye At your favorite supermarket, can be both embarrassing and overwhelming. Now, a popular grocery chain has announced that its closing places were the potential for many other closings to come. Read more to find out which channel closes the stores from December.

Read this then:These popular grocery chains close stores from November 11.

The grocery stores were at an alarming rate.

Fairfax: Green Whole Foods Market grocery store sign on exterior building in city in Virginia with people walking and autumn displays of pumpkins for Halloween
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These are not the first grocery stores to be on blocking this year, and no region of the United States has been safe. AShaw grocery store In Scarborough, Maine, was to close "on or around" October 8 due to profit deficits, said a spokespersonBetter lifeAnd on October 14, the regional markets of the Remke grocery channelclosed a store At Hyde Park Plaza in Oakley, Ohio. Connecticut residents will sayGoodbye to a shoprite In Waterbury, Connecticut, November 11, while those of Englewood, Illinoisloss a whole food November 13. Later this year, December 30,Giant eagle Will also germ the shop in Edinboro, Pennsylvania.

Now, the largest supermarket chain in the country has announced another closure of closures.

These locations are on the cutting block.

kroger sign
Wendellandcarolyn / Istock

Kroger worksAlmost 2,800 stores—Deded 28 different names - in 35 states, but some privileged are closed for good. A store in New Albany, Indiana, has just closed on October 7, like "Fight to be profitable For many years, "said a spokespersonLouisville Courier Journalin September. And now two other locations are closed.AE0FCC31AE342FD3A1346EBB1F342FCB

On October 14, Kroger confirmed that two stores in theMetro Atlanta Area are closed, reported Fox 5 Atlanta. The Kroger over trade Drive in Decatur is the first to leave on December 2, ending due to "the drop in sales and negative profits", the grocery chain told Fox 5. The place was called " Baby Kroger "by the inhabitants, according toAtlanta Intown, because of hissmaller size Compared to other Kroger stores.

The Kroger in Buckhead, an Atlanta residential district, will be closed a week later on December 9. This store also had a nickname - "disco kroger" - as it is previously close to light, aDisco and nightclub, according to 11alive. Quoting theAtlanta Business Chronicle, the point of sale has reported that a new grocery store will probably replace Disco Kroger, but the beloved decreasing wall painting on the side of the building will be preserved.

Although these original Krogers are as follows, they might not be the last.

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Kroger has plans for a merger.

shaking hands on deal
Skynesher / Istock

Kroger is the largest supermarket chain in the United States, just ahead of Albertsons, but both do not want to stay separated for a long time. On October 14, the two companies announced amerger agreement, where Kroger will buy Albertsons for 24.6 billion dollars. Albertsons has 24 different store banners - you could recognize them as Acme, vons, Safeway, Jewel -Osco and Shaw.

According to the press release, the agreement was unanimously approved by the boards of directors of the two companies and created to "merge two complementary organizations with emblematic brands and deep roots in their local communities to establish a national imprint ". The two grocers were probably motivated by the ability toSave on operating costs, accordingThe New York Times, while also increasing competition with Walmart.

The merger shouldcause a little agitation, Reported NPR, mainly with regulators such as the Federal Trade Commission (FTC). This is largely due to the formation of a "new supermarket colossus at the time of the outbreak of food costs", depending on the point of sale. But while regulators can contest the agreement, buyers may be affected by a loss of local stores.

The agreement could force hundreds of store closings.

safeway storefront
Jeff Whyte / Shutterstock

According to Pymnts, forminimize criticism Fusion and prevent a monopoly, Kroger and Albertsons may be forced to close nearly 400 locations. This could largely have an impact on the west coast, where Kroger and Albertsons have a large presence, byThe New York Times. To further appease control, companies also declared that they were open to the creation of a separate company with 100 to 375 stores, in order to "create a new agile competitor".

But even if 400 stores are linked or sold to competitors, J.P. Morgan AnalystKen Goldman Note that companies would still control 13% of the grocery market, Pymnts reported. In light of these figures, some have already expressed opposition to the agreement.

"There is no reason to allow two of the country's largest supermarket channels to merge, in particular with the prices of food already skyrocketed", "Sara Miller, said the executive director of the American Economic Liberties Project, in a press release. "With 60% ofConcentrated grocery sales Among only 5 national channels, a Kroger-Albertson agreement would already cause consumers to afford to afford food, crush workers who fight for fair wages and destroy independent community stores. This fusion is a cut and dry case of monopoly power, and the executors should block it. ""

Regulatory approval is currently pending,The New York Timesreported. Before making a decision, the FTC will examine the previous agreements, as well as if the competition will always exist after having sold stores.


Categories: Smarter Living
Tags: food / News / / Shopping
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