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Supermarket chain Safeway is reportedly planning close 12 of its stores in the coming weeks. The grocer, which is a subsidiary of Albertsons Companies, currently operates over 900 stores across the United States. But Safeway will shutter the doors at some locations in Colorado, Nebraska, and New Mexico. Ten of the planned store closures are in Colorado. Meanwhile, one store in Nebraska and one store in New Mexico will also close, according to a list compiled by USA Today. Albertsons attributes the closures to store performance. “We continuously evaluate the performance of our stores, and occasionally, after long and careful deliberation, it becomes necessary to make the difficult decision to close certain locations,” Albertsons said in a statement to USA Today. “We are working to place affected associates in nearby stores wherever possible. Fast Company contacted Albertsons to confirm this list. We will update this story if we hear back. Which stores are closing? The following Safeway locations will reportedly close on or before November 7: 201 E. Jefferson, Englewood, Colorado 80113 500 E. 120th Ave, Northglenn, Colorado 80233 1653 S. Colorado Blvd., Denver, Colorado 80222 12200 E. Mississippi, Aurora, Colorado 80012 3657 S. College Ave, Fort Collins, Colorado 80525 860 Cleveland Ave., Loveland, Colorado 80537 5060 North Academy Blvd., Colorado Springs, Colorado 80918 1425 S. Murray Blvd., Colorado Springs, Colorado 80916 315 W. 2nd St., La Junta, Colorado 81050 906 E. Olive St., Lamar, Colorado 81052 230 Morehead Street, Chadron, Nebraska 69337 730 W. Main St., Farmington, New Mexico 87401 Retail store closures are a growing trend Retail closures continue to be a growing trend. Fast Company has been following what many have branded as the retail apocalypse nationwide, which has impacted retailers like At Home, Claires, and Rite Aid. Many familiar retailers have sought Chapter 11 bankruptcy protection as they restructure their businesses and reduce their brick-and-mortar footprints. Some chains, such as fabrics retailer Joann, have winded down operations completely. Safeway isnt the only grocery store reducing its brick-and-mortar footprint. In its first-quarter earnings report in June 2024, Kroger announced plans to shutter 60 of its stores by mid-2026. The news of Kroger and Safeway store closures comes on the heels of a failed merger. In October 2022, Kroger reached an agreement to acquire Albertsons for $25 billiona move that would have created one of the largest grocery chains in the United States. However, in 2024, the Federal Trade Commission (FTC) sued to block the merger, alleging that it would lead to higher prices and eliminate competition. Federal and state judges ruled that the merger was unlawful, and both companies terminated the agreement. Grocery store closings contribute to food deserts Grocery store closures impact local communities. In addition to job losses, closures result in reduced access to food. Supermarket store closures contribute to food deserts, a term used to describe areas with limited access to affordable and nutritious food. According to recent data from the USDAs Food Access Research Atlas, an estimated 18.8 million people in the United States, or 6.1% of the U.S. population, live in areas with limited access to healthy foods. Organizations like Feeding America work to reduce food insecurity.
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Wall Street pointed toward a third consecutive day of records before the opening bell Thursday ahead of new U.S. data releases on the labor market and inflation.Futures for the S&P 500 rose 0.3% while futures for the Dow Jones Industrial Average and Nasdaq each ticked 0.2% higher.Market movement will hinge on government reports about inflation and unemployment benefits, two areas that the Federal Reserve attempts to manage as part of its dual mandate to control inflation and maintain a healthy labor market.Most economists believe the Fed will cut rates at its meeting next week after recent data revealed a labor market that’s been softening for longer than previously thought. While inflation also remains stubbornly above the U.S. central banks 2% target and is forecast to have risen again in August, Fed officials have increasingly expressed concern about a slowing U.S. job market.Recent government reports have also shown that hiring has slowed sharply in recent months and was lower than previously estimated last year, a sign that companies may be worried about future sales and are less interested in adding staff.Stocks have reached records in large part because Wall Street is expecting the economy to pull off a delicate balancing act: slowing enough to convince the Federal Reserve to cut interest rates, but not so much that it causes a recession, all while inflation remains under control.Many things must go right for that to happen, and an encouraging signal came from a report Wednesday saying inflation at the U.S. wholesale level unexpectedly slowed in August.Traders were already convinced the Fed will deliver its first cut to interest rates of the year at its next meeting, but they need inflation data until then to be mild enough not to derail those expectations.In premarket trading Thursday, shares of residential home flipper Opendoor climbed 36% after the company named Kaz Nejatian, the COO of Shopify, as its CEO. Opendoor also announced that co-founders Keith Rabois and Eric Wu are returning to serve on the board of directors, with Rabois stepping into the chairman’s role.Shares of FedEx fell 1.3% while UPS slipped 2.1% after Bank of America downgraded both package delivery companies’ stock.In Europe at midday, Germany’s DAX rose 0.3%, Britain’s FTSE 100 rose 0.5% and France’s CAC 40 climbed 0.9%.In Tokyo, the Nikkei 225 added 1.2% to 44,372.50, with tech investment company SoftBank Group’s shares jumping 8.3% in a second straight day of gains.Data released Thursday showed Japan’s producer prices rose 2.7% year-on-year in August from a 2.5% rise the previous month, in line with market expectations. The higher cost of food, transport equipment and machinery contributed to the rise in prices.In Chinese markets, Hong Kong’s Hang Seng index slid 0.4% to 26,086.32 while the Shanghai Composite index rose 1.7% to 3,875.31.Shares of chipmaker Semiconductor Manufacturing International Corp added more than 6%, while Hua Hong Semiconductor rose 3.8%. Cambricon Technologies, often called China’s Nvidia, climbed 9%.South Korea’s Kospi climbed 0.9% to 3,344.20 while Australia’s S&P/ASX 200 was down 0.3% to 8,805.00. India’s BSE Sensex added nearly 0.2% while Taiwan’s Taiex rose 0.1%, trimming earlier gains. Teresa Cerojano and Matt Ott, Associated Press
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Americans are marking 24 years since the September 11, 2001, attacks with solemn ceremonies, volunteer work, and other tributes honoring the victims.Many loved ones of the nearly 3,000 people killed will join dignitaries and politicians at commemorations Thursday in New York, at the Pentagon, and in Shanksville, Pennsylvania.Others choose to mark the day at more intimate gatherings.James Lynch, who lost his father, Robert Lynch, during the World Trade Center attack, said he and his family will attend a ceremony near their hometown in New Jersey before spending the day at the beach.“It’s one of those things where any kind of grief, I don’t think it ever goes away,” Lynch said as he, his partner, and his mother joined thousands of volunteers preparing meals for the needy at a 9/11 charity event in Manhattan the day before the anniversary. “Finding the joy in that grief, I think, has been a huge part of my growth with this,” he said.The remembrances are being held during a time of increased political tensions. The 9/11 anniversary, often promoted as a day of national unity, comes a day after conservative activist Charlie Kirk was shot and killed while speaking at a college in Utah. The reading of names and moments of silence Kirk’s killing is expected to prompt additional security measures around the 9/11 anniversary ceremony at the World Trade Center site in New York, authorities said.At ground zero in lower Manhattan, the names of the attack victims will be read aloud by family and loved ones in a ceremony attended by Vice President JD Vance and his wife, Second Lady Usha Vance. Moments of silence will mark the exact times when hijacked planes struck the World Trade Center’s iconic twin towers, as well as when the skyscrapers fell.At the Pentagon in Virginia, the 184 service members and civilians were killed when hijackers steered a jetliner into the headquarters of the U.S. military will be honored. President Donald Trump and First Lady Melania Trump will attend the service before heading to the Bronx for a baseball game between the New York Yankees and Detroit Tigers Thursday evening.And in a rural field near Shanksville, Pennsylvania, a similar ceremony marked by moments of silence, the reading of names and the laying of wreaths, will honor the victims of Flight 93, the hijacked plane that crashed after crew members and passengers tried to storm the cockpit. That service will be attended by Veterans Affairs Secretary Doug Collins.Like Lynch, people across the country are also marking the 9/11 anniversary with service projects and charity works as part of a national day of service. Volunteers will be taking part in food and clothing drives, park and neighborhood cleanups, blood banks and other community events. Reverberations from attacks persist In all, the attacks by Al Qaeda militants killed 2,977 people, including many financial workers at the World Trade Center and firefighters and police officers who had rushed to the burning buildings trying to save lives.The attacks reverberated globally and altered the course of U.S. policy, both domestically and overseas. It led to the “Global War on Terrorism” and the U.S.-led invasions of Afghanistan and Iraq and related conflicts that killed hundreds of thousands of troops and civilians.While the hijackers died in the attacks, the U.S. government has struggled to conclude its long-running legal case against the man accused of masterminding the plot, Khalid Sheikh Mohammed. The former Al Qaeda leader was arrested in Pakistan in 2003 and later taken to a U.S. military base at Guantánamo Bay, Cuba, but has never received a trial.The anniversary ceremony in New York was taking place at the National September 11 Memorial and Museum, where two memorial pools ringed by waterfalls and parapets inscribed with the names of the dead mark the spots where the twin towers once stood.The Trump administration has been contemplating ways that the federal government might take control of the memorial plaza and its underground museum, which are now run by a public charity currently chaired by former New York City Mayor Michael Bloomberg, a frequent Trump critic. Trump has spoken of possibly making the site a national monument.In the years since the attacks, the U.S. government has spent billions of dollars providing health care and compensation to tens of thousands of people who were exposed to the toxic dust that billowed over parts of Manhattan when the twin towers collapsed. More than 140,000 people are still enrolled in monitoring programs intended to identify those with health conditions that could potentially be linked to hazardous materials in the soot.__Associated Press reporters Michael Hill in Albany, New York, and Darlene Superville in Washington contributed to this story. Follow Philip Marcelo Philip Marcelo, Associated Press
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