Less than a year after acquiring 146 stores from Safeway and Albertsons and less than a month after filing for Chapter 11 bankruptcy protection, Haggen announced this past week that a pair of Renton stores that originally were to stay open through the re-structure will now be closed.
Haggen, which grew from an 18 store regional grocer to 164 stores through the purchase of Albertson’s locations in December 2014, now plans to close the stores on Northeast Fourth Street and on Southeast Petrovitsky Road. In addition, the company is exiting from the southwest market and plans to realign operations around 37 core stores and one stand-alone pharmacy in the Pacific Northwest.
The core stores include 16 of Haggen’s historical stores, one stand alone pharmacy and 21 stores acquired in the Albertson’s transaction. Haggen’s historical stores have seen strong sales growth over the past year, according to a press release from the company.
Haggen is asking the Bankruptcy Court for approval to conduct store closing sales. All employees of the non-core stores and the Pacific Southwest support office will receive 60 day notice of the pending store and office closures.
During this process, all stores will remain open. Employees will continue to receive their pay and benefits through the normal course of business as previously approved by the court.