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Albertsons Companies is closing several Safeway locations as the parent company reevaluates its nationwide retail footprint.

Albertsons Companies is closing several Safeway locations as the parent company reevaluates its nationwide retail footprint. Following the collapse of a proposed $24.6 billion merger with Kroger, the company has resumed its efforts to optimize its store network. The administration announced that the Federal Trade Commission sued to block the transaction, arguing that the merger would reduce competition and increase grocery prices. Aleway is currently closing locations in California, Oregon, and Washington, D.C. While the company is opening new stores in high-demand areas, it is also making the difficult decision to close underperforming locations. Albertsons Companies aims to end the fiscal year with a net positive store count. The company is working to relocate as many employees as possible to other stores within its portfolio. The failed merger led to litigation between the two companies. Albertsons Companies demanded a $600 million termination fee from Kroger, while Kroger argued that the company failed to cooperate with the regulatory process.

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