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What do grocery mergers really mean for stores?

from Food Dive

Going by Albertsons' account, company mergers are job creators and store builders. The reality is a bit more complicated. Out of the 174 new stores Albertsons gained since its merger with Safeway, only 23 were new builds. The rest were acquisitions, including stores formerly belonging to Haggen and A&P. In a crowded industry with an increasing number of alternative formats, growth for traditional players like Albertsons is coming through acquisition rather than erecting new stores. The number of locations remains fixed overall, as do most of the jobs, meaning the mergers aren't quite the workforce builders many companies make them out to be. more


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