Fate of Albertson's

[Japher]

ah... thanks

[Verto]

Originally posted by Japher
I like Safeway's soup...

Wasn't Albertson's a Mormon owned store? I wonder if a mormon is buying them.

I always wondered this myself, since Joe Albertson was from Boise, Idaho and all, but I never did find anything that said so.

And as for as whose buying them, all the newspapers have jumped on the bandwagon of Cerberus Capital, Kimco Realty Corp, and SuperValu. CVS is also negotiating for the drugstores.

[Aabraxan]

Verto,
This may look like it's going to suck, but, unless the buying company is going to close the store that you work in, it'll have to keep some people on to run it. So there may be no interruption in cash flow or work experience for you. It may just mean an extra entry on your resume, going from Service Supervisor at Albertson's to Service Supervisor at XYZ Corp. Just try to be one of those people that they keep on. If they do close the store or you somehow otherwise end up out of work, don't hesitate to tell prospective employers that Albertson's trusted you to handle BAGS OF MONEY at 19 years old while in college.

Mrmitchell,
I don't think there are any Albertson's in LR. If there are, I haven't seen them. The LR grocery store scene is pretty well dominated by Kroger, Harvest Foods, and (of course) Wal-Mart Supercenters. You just don't see many Piggly Wigglys any more.

[Verto]

Yeah, it would be great if my store either stayed open under the name Albertsons, or was rebranded. But there's a lot of doubt about whether or not ANY Albertsons stores will stay open, and moreso for ours, since the Texas divisions have overall dropped in profit. I wish they'd hurry up and give us their "roadmap" so to speak, so we have some idea what's going to happen.

[Japher]

when it happens it happens, they have to act in order for you to respond

don't react or respond prematurely

I was with a company when it went through a buy out. Not pleasant at all, but I didn't miss a pay check.

[:) Smiley]

Around Berkeley we have several different types of grocery stores, and it looks like the problem with Albertson's is its just an ordinary supermarket at a time the market is fragmenting. They can't beat discounters on price, they can't beat specialty supermarkets on quality, and they can't beat the small stores for convenience.

The ones here at least are indeed sitting on some valuable real estate. In San Francisco, there have been cases of supermarkets being demolished and replaced by apartment buildings with a supermarket on the ground floor.

[Jonny]

Albertson's pulled out of the Nashville market 4 or 5 years back, IIRC -- I don't believe they were doing so well. Their stores eventually were bought by Publix, which seem to be faring much better against the dominant Kroger.

[Verto]

Originally posted by Smiley
Around Berkeley we have several different types of grocery stores, and it looks like the problem with Albertson's is its just an ordinary supermarket at a time the market is fragmenting. They can't beat discounters on price, they can't beat specialty supermarkets on quality, and they can't beat the small stores for convenience.

Yes, there's been some small efforts made to transition Albertsons into something more upscale, since you just can't compete with Wal-Mart's prices, but it's too little, too late.

The ones here at least are indeed sitting on some valuable real estate. In San Francisco, there have been cases of supermarkets being demolished and replaced by apartment buildings with a supermarket on the ground floor.

I wish places like Texas would wake up to this kind of thinking - I hate how everything just sprawls, since not only is a car required to get anywhere, but the roads are in horrible condition, always under construction, and traffic is horrible.

[Dis]

One thing I didn't mention before is about 8 or so years ago Alberston's sold all their stores in my city to Raley's. But then they went ahead and bought all the Lucky stores (which were nicer imho). So they never lost much presence in my city.

They also own sav-on drugs I believe.

[Japher]

Raley's/Bel-Air

[DanS]

Since Safeway was mentioned, let me take this opportunity to say that Safeway sucks. We have the "Soviet Safeway" just down the block.

[Dis]

Safeway owns Vons I believe. We have those.

[Japher]

I like Vons. There was one near the house I grew up in. We would get drunk and go over there at 3am when they were stocking shelves and get those little handicap carts and drive around in them.

it was fun

[Verto]

Hooligans

[John-SJ]

I have had a problem with Albertson's for some time that maybe a new owner can deal with, they are way to expensive for what they deliver.

I look forward to seeing if the new owner can do any better. If not, my wife and I have reduced our dependence on the Big A to about 5 items that we cannot find cheaper without a lot of effort. Eventually, we will though if things do not change.