Albertsons to close one store in Las Vegas, another in Henderson
Two Las Vegas-area Albertsons stores will close on or around Feb. 20.
The stores at 2650 W. Horizon Ridge Parkway in Henderson and at 2575 S. Maryland Parkway are in the company’s southwest division and will close along with an Albertsons in Albuquerque, N.M., and Phoenix.
“Like any responsible business, we have to make difficult decisions on underperforming stores. We had tried many things to make the stores profitable, but unfortunately, we weren’t able to do so,” said spokesman Paul Bancroft-Turner.
Each of the Las Vegas stores set to close employ about 70 people. Bancroft-Turner said the company is hoping to place most, if not all of them, in surrounding locations.
“My cursory look at the market would suggest there’s some competition there and it’s more about Albertsons than about the grocery market,” said UNLV economics professor Stephen Miller.
Near the Maryland Parkway store there’s a Smith’s, Walmart Neighborhood Market and Fresh & Easy. The Horizon Ridge store is near a Trader Joe’s and Smart and Final.
“The economy is recovering, if slowly. Retail sales have been up,” Miller added.
Of the 30 Albertsons locations in Southern Nevada, 24 of them aren’t open 24 hours. Instead, they’re only open until 10 p.m., 11 p.m. or midnight, which could also be a bad sign for the brand.
Nationally, Albertsons will close 26 stores, with 11 of them in nearby Southern California.
Last March, the Albertsons brand was purchased by AB Acquisition LLC from SuperValu in a deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption. AB Acquisition is privately owned by Cerberus Capital Management, Kimco Realty Corp., Klaff Realty, Lubert-Adler Partners and Schottenstein Stores Corp.
The deal netted AB Acquisition 877 stores, including SuperValu’s four other grocery chains: Acme, Jewel-Osco, Shaw’s and Star Market.
Albertsons also closed multiple locations in 2012.
Contact reporter Laura Carroll at lcarroll@reviewjournal.com or 702-380-4588. Follow @lscvegas on Twitter.
