June 22, 2024 Breaking News, Latest News, and Videos

Albertsons To Buy Safeway – And Its Vons Stores In Southern California:

A gigantic supermarket takeover with big impacts in Southern California is headed to federal regulators for approval today, as Albertsons is buying Safeway — and its Vons stores.

At a shareholders meeting Friday near San Francisco, 96 percent of the shareholders in Safeway approved the $9.2 billion purchase offer from Albertson’s, according to the San Jose Mercury News.

The supermarket chains have some overlap in Southern California, where Safeway’s local chain Vons has 279 stores and Albertson’s has 181. Some of those stores might be closed, and the Federal Trade Commission might order Albertsons to sell some to competitors, the newspaper reported.

Albertsons has not indicated what store names will change, if any. The deal will create a network of 2,000-plus stores, 27 distribution warehouses and more than 250,000 employees across western states.

That chain will be slightly smaller than market leader Kroger, which has 2,600 markets, the Mercury News reported. Kroger operates Ralphs supermarkets in California.

Traditional supermarkets are facing market pressures at one end from from big-box stores like Walmart and Target, and the other from specialty grocery stores like Whole Foods and Trader Joe’s, analysts have said.

in News
Related Posts

LA County Issues Ocean Water Use Warning for Several Beaches on the First Day of Summer

June 21, 2024

June 21, 2024

Elevated Bacterial Levels Prompt Health Advisory for Popular Coastal Spots Sadly, on the first day of Summer, the Los Angeles...

THIS WEEKEND: “Venice Summer Fest 2024” Will Celebrate Local Artists, Brands, and Designers

June 21, 2024

June 21, 2024

Over 400 Artists Will Exhibit and Sell Their Original Creations  The Venice Summer Fest 2024 will take place on Saturday,...

This Palisadian Will Be the Youngest Ever U.S. Olympian in Beach Volleyball

June 21, 2024

June 21, 2024

Miles Partain, 22, Is One of Several Olympians That Came Out of Pali High By Zach Armstrong Palisadian talent will represent...

(Video) Sport Fishing and Whale Watching on the Pacific Offered by MDR Sportfishing

June 20, 2024

June 20, 2024

Located Out of Marina del Rey, More Information Can Be Found at mdrsf.com @smmirrornews Operating out of Marina del Rey,...

Roman-Style Pizza Chain Opens on Main Street

June 20, 2024

June 20, 2024

The Chain’s Menu Boasts Fresh Ingredients for Its Variety of Tradition, Gluten-Free and Vegan Options By Zach Armstrong Today on...

Sci Fi Museum’s Lease Gets Terminated at Former Sears Building

June 20, 2024

June 20, 2024

The News Comes as a Slew of Controversies Surround the Museum and Its Founder By Zach Armstrong Amid tumultuous setbacks...

Pride-Colored Towers Vandalized During Pride Month for Two Straight Years in Palisades

June 20, 2024

June 20, 2024

L.A. County Supervisor Lindsey Horvath Stated That the Graffiti Will Be Removed By Zach Armstrong For two consecutive years, pride-colored lifeguard...

Film Review: Hit Man

June 19, 2024

June 19, 2024

FILM REVIEWHit ManRated R115 MinutesLimited run in theatres May 24th – June 7th, Released June 7th on Netflix Based on...

What to Expect at This Year’s “Pier 360 Beach Festival”

June 19, 2024

June 19, 2024

The Festival Will Honor Jeff Ho, Iconic Surfboard Shaper and Founder of the Zephyr Surf Team, and Kathy Kohner Zuckerman,...

Judge Blocks Barrington Plaza Evictions, Citing Legal Violations

June 19, 2024

June 19, 2024

Owner Douglas Emmett Inc. Sought to Evict Nearly 600 Tenants Last Year, Citing Safety Upgrades The eviction of hundreds of...

Yoga Gurus Sentenced for Defrauding Malibu Doctor

June 19, 2024

June 19, 2024

Dr. Sawusch Had a Successful Medical Practice in Pacific Palisades and Amassed Significant Wealth Through Investments A federal judge sentenced...

Thief Steals $4K of Jewelry from 3rd Street Promenade Store

June 18, 2024

June 18, 2024

The Owner Says a Similar “Smash-And-Grab” Incident Took Place Earlier This Year By Zach Armstrong A Ring camera placed inside...

Homeless Man Arrested in Santa Monica for Burglary and Arson

June 18, 2024

June 18, 2024

Suspect Faces Multiple Charges After Incidents Patrol officers responded to a commercial burglary call on Saturday, May 25, at approximately...

Baby Blues BBQ Reopens in Venice Nearly Two Years After Devastating Fire

June 18, 2024

June 18, 2024

The Eatery Has Been Featured on Diners, Drive-Ins & Dives, and the Food Network By Zach Armstrong Almost two years after...

Tech Entrepreneur and Developer Company Buy Promenade Shops for $103M: Report

June 17, 2024

June 17, 2024

Acquisitions Include 1202, 1222, 1225, 1232, 1339, and 1344 Third Street Promenade Federal Realty Investment Trust has sold eight parcels...