Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Future of Safeway, Albertsons in Colorado Springs remains to be seen

March 6, 2014 Updated: March 6, 2014 at 7:13 pm
0
Caption +
The Safeway store in Rockrimmon.

Although no stores are expected to close as a result of Thursday's merger between Albertsons and Safeway, it remains to be seen what effect it will have in the Pikes Peak region, one retail expert said.

Safeway has a bigger presence in the area, with 13 stores in the Springs and surrounding areas.

Albertsons has four Springs locations.

The future of Safeway and Albertsons in the Pikes Peak region could depend on whether their brands merge - not just the parent companies, said Mark Useman of Sierra Commercial Real Estate.

"If they're don't merge the brands, they can run the stores the way they are," he said.

Even if the brands merge, most Albertsons and Safeway locations are separated by several miles and wouldn't necessarily be candidates for consolidation.

There's only one location where Albertsons and Safeway are within a mile of each other - on the Springs' south side, where Albertsons has a store at 455 E. Cheyenne Mountain Blvd. and Safeway operates at 6520 S. Academy Blvd.

The new ownership also likely will consider store profitability and whether leases are due to expire when deciding if any locations should close, Useman said.

Both chains have a lot of local competition. Wal-Mart has expanded its presence in the market; the world's largest retailer has nine supercenters in the Springs and outlying areas and four smaller Neighborhood Markets.

King Soopers, meanwhile, has 10 area stores. Other high-end, speciality and discount groceries include Whole Foods, Sprouts and Sav-a-Lot.

-

Contact Rich Laden: 636-0228

Twitter @richladen

Facebook Rich Laden

Comment Policy
Register to the Colorado Springs Gazette
Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Subscribe to the Colorado Springs Gazette

Some news is free.
Exceptional journalism takes time, effort and your support.

Already a Subscriber? LOGIN HERE

articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.