Albertsons is closing...

Hey Folks...

Just wanted to share this news with you.  I believe they are closing the Albertson's on LaBrea and Rodeo...not the one on Crenshaw. Still waiting for confirmation on that. Read more here:

****************************************

Albertsons closing 19 SoCal Stores, Including Baldwin Hills

By Mark Lacter | September 5, 2012 5:02 PM

This isn't a huge surprise - in June the supermarket chain's parent company, Supervalu Inc., reported that its first-quarter profit fell by nearly half compared with a year earlier. The company also said it was reviewing its options with financial advisers, which often means that it might be on the block. The CEO was recently let go. All told, Supervalu is expected to close 60 underperforming stores by Dec. 1 (the chain still has more than 350 locations). Each store usually staffs between 50 and 100 workers, though the company did not provide any details on layoffs. From AP:

Supervalu and other supermarket chains have struggled in recent years amid intensifying competition from big-box retailers such as Target Corp. and Wal-Mart Corp., as well as dollar stores and drugstores that are expanding their grocery sections and luring away customers with lower prices. But even among its peers, Supervalu has been a laggard and has failed to adapt.

Here are the local stores being closed:

Mesmer & Jefferson, Culver City, CA (already closed)
7th & Redondo, Long Beach, CA
Harbor & Garden Grove Blvd., Garden Grove, CA
Harbor Blvd. & Imperial Hwy., Fullerton, CA
Dale & La Palma, Buena Park, CA
Brookhurst & Katella, Anaheim, CA
Baldwin Hills, Los Angeles, CA
Central & Chevy Chase, Glendale, CA
Devonshire & Reseda, Northridge, CA
Van Nuys & Sherman, Van Nuys, CA
Bear Valley & Amethyst Roads, Victorville, CA
Pigeon Pass & Ironwood, Moreno Valley, CA
Colima & Fairway Drive, Rowland Heights, CA
Hamner Ave & Hidden Valley Pkw., Norco, CA
Grove Ave & Walnut Street, Ontario, CA
Limonite & Clay, Riverside, CA
Colima Road, Hacienda Heights, CA
Amar & Nogales, Walnut, CA
Azusa & Cypress, Covina, CA