News broke today that several grocery stores will shut down in the South Sound, including the Bonney Lake Albertsons. The Minnesota-based chain Supervalu Inc. announced they will close 60 underperforming stores nationwide.
Sources close to Patch say the local location will close in December of this year and will cost the city about $32,000 in sales tax revenue, not including the impact on local jobs.
The struggling business reported low first-quarter profits, according to stock numbers. In June, Supervalu Inc. stock had fallen by half. The company had also replaced it's CEO this year.
According to The Tacoma News Tribune, workers in closing stores are mostly covered by union contracts and will receive severance benefits will move to another store, as specified in their individual contracts.
What do you think of the closure of Bonney Lake's Albertsons? Will you miss this local grocery store? Tell us in the comments.
They may be on the chopping block to be closed but we don't support businesses that don't give value for us to spend the dollars we earn. On the chopping block? So be it. We shop at Winco for somethings and Fred Meyer for fruit. We probably spend the most at Costco or to a lesser extent Sam's Club. We also used to shop at Albertson's but their pricing was also out of line for quality and value and I've always liked Albertson's. I don't know what will happen to that location, or if the old QFC in Sumner will ever find a rentor. But to read some of the ideas kind of cracks me up.
And btw, Top Foods wasn't marking up their products "just because". The grocery industry has very small profit margins and Top Foods is a small, LOCALLY OWNED grocery chain. But instead of keeping the money local and supporting the Western Washington economy, by shopping at the WinCos and Walmarts one is just sending their money out of state to companies who really could care less about their customers. These companies are so huge they can get bulk discounts not available to the little chains like Top Foods. Yet its the little guys are the ones supporting and sharing their success with others in their community.