June 12, 2021 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

Martin Cadillac Redevelopment Takes Shape on Olympic Near Bundy

June 11, 2021

June 11, 2021

West Edge development underway near Expo/Bundy station By Sam Catanzaro Wood and concrete framing is now visible at the Martin...

Sheriff Villanueva Announces Plan to Clear Encampments by July 4th

June 10, 2021

June 10, 2021

LASD Homeless Outreach Services Team visits Venice Boardwalk Tuesday By Sam Catanzaro Deputies were on the Venice Beach Boardwalk Tuesday...

In-Person Events Are Back with Summer Swing Nights: Jazzy Vocals plus Live Big Band – Now with Tap Dance, Swing Lessons, Vendors to Benefit Museum

June 10, 2021

June 10, 2021

Live, in-person entertainment is bringing out happy fans of all ages for Summer Swing Nights: Drive-In Edition. The concert fundraiser features the...

Annenberg Beach House Set for Reopening

June 8, 2021

June 8, 2021

Community beach house begins reopening June 15 for splash pad, stand up paddle and courtyard The Annenberg Community Beach House...

Letters to Editor: Main Street Closures

June 7, 2021

June 7, 2021

The following are two letters sent to the Santa Monica Mirror, one in support and one in opposition, regarding a...

Man Attempts to Cut Throat at St. Monica’s Coffee Shop

June 7, 2021

June 7, 2021

Victim in stable condition following Monday morning incident By Sam Catanzaro A man is in stable condition after cutting himself...

Will Parking Structure #3 Be Demolished? Santa Monica Beat – June 7, 2021

June 7, 2021

June 7, 2021

Local news and culture in under 5 minutes. * Will Parking Structure #3 Be Demolished? * Police Make Two Arrests...

Santa Monica City Council to Consider Main Street Traffic Closure

June 7, 2021

June 7, 2021

City staff recommending closure of the roughly 1,000 feet between Hill Street and Kinney Avenue  By Sam Catanzaro Santa Monica...

Artists Featured For SaMo Pride Rainbow Road Art Walk

June 4, 2021

June 4, 2021

In honor of Pride month Santa Monica Pride (SaMo Pride) is featuring a Rainbow Road Art Walk from June 4th-...

Santa Monica Affordable Housing Development Takes Shape

June 4, 2021

June 4, 2021

Pacific Landing apartments underway at Lincoln and Pacific  By Sam Catanzaro A $28 million affordable housing development is taking shape...