Business
TTM Technologies: AI Has Turned This Boring PCB Maker Into A Growth Monster (NASDAQ:TTMI)
Bashar is a financial analyst writing on Seeking Alpha, focused on growth stocks, contrarian setups, and market mispricing. His research looks for companies where consensus is missing a shift in earnings power, competitive positioning, or industry structure. Bashar does not invest personally in the stocks he covers.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Business
Frontier Communications Down? Customers Report Scattered Outages Across Multiple States As Complaints Mount
Frontier Communications customers in several states have reported ongoing problems with internet, phone and television service in recent days, according to posts collected by outage-tracking services, even as the company’s own status tools have shown mixed signals about whether a broader, confirmed outage is underway.
Users posting on social media and outage-report platforms have described service disruptions in areas including Ohio, Connecticut, California and Illinois. One user reported an outage in a specific California ZIP code lasting more than 24 hours with no communication about restoration. Another described spotty, intermittent internet service over 48 hours in Indio, California. In Ohio, multiple users reported extended outages lasting several days, with the company’s own app alternately showing “no outage” in the area or claiming service had already been restored, despite users saying they remained without a working connection.
As of this week, Frontier had not issued a detailed public statement addressing the scattered reports. Outage-tracking service Outage.report indicated Frontier appeared to be “working normally,” with report volume described as within the typical range for the time of day, while a separate tracker, Outage.now, said it had not observed any outages affecting Frontier over the preceding 24 hours despite the visible complaints circulating on social media. That gap between automated tracking assessments and individual user reports reflects a common challenge in monitoring outages for regional providers like Frontier, where disruptions can be highly localized and may not register clearly in aggregated, nationwide data even when they meaningfully affect specific communities.
Frontier Communications provides home phone, broadband internet and digital television service to residential and business customers across 27 states, according to the company’s own service description, with broadband delivered through either DSL or fiber-optic technology depending on the market. Digital television is available only to customers with fiber connections, offered as part of the company’s triple-play FiOS bundle. The company has historically focused much of its footprint on smaller cities and rural areas that are often underserved by larger national providers, a customer base that can make outages particularly disruptive given more limited access to alternative service options in those regions.
Some of the recent user complaints referenced ongoing frustration tied to Frontier’s broader corporate transition. Verizon announced an agreement to acquire Frontier Communications in a deal valued at approximately $20 billion, continuing a long history of ownership changes for the company’s network infrastructure. One user commenting on a recent outage directly questioned whether service reliability issues were connected to the pending change in ownership, asking whether repair delays reflected disruption tied to the takeover process, though Frontier has not publicly attributed any current service issues to the transition.
This would not be the first time a change in Frontier’s corporate structure has coincided with service disruptions. In 2016, Frontier experienced significant outages across California, Texas and Florida immediately following its takeover of Verizon’s FiOS operations in those states, a $10.54 billion deal that transferred those Verizon customers onto Frontier’s network at midnight. The company said at the time that a server issue occurring during the system integration process had disrupted service for some enterprise and carrier customers, a problem compounded in Florida by an unrelated fiber cable cut in the Tampa market. Frontier said the primary issue was resolved by 9:30 a.m. Eastern time the same morning, though customers affected by the outage reported ongoing DNS and connectivity problems in the hours that followed.
Frontier’s own troubleshooting guidance for customers experiencing internet problems generally recommends first checking the company’s website, mobile app or social media channels to determine whether a broader outage has already been identified in a customer’s specific area. If no outage is confirmed, the company recommends basic home-network troubleshooting steps, including power-cycling both the modem and router by unplugging each device, waiting approximately 30 seconds, and then reconnecting the modem first, followed by the router once the modem has fully powered back on. Customers are also advised to check all cable connections for looseness or visible damage, since faulty or improperly connected cables remain a common cause of connectivity problems unrelated to any broader network-wide issue.
For customers in rural or otherwise underserved areas, where Frontier maintains a particularly significant presence, extended outages can carry an outsized impact given the comparative scarcity of alternative broadband providers available in those markets. Several social media complaints referenced customers considering switching to satellite internet alternatives amid ongoing frustration with service reliability, reflecting the limited practical options many rural Frontier customers face when persistent outages occur.
With no official, company-wide outage confirmed by Frontier as of this week, the scattered reports from customers across multiple states point instead to a pattern of regional, localized service disruptions rather than a single, unified nationwide incident. Customers experiencing ongoing problems have been directed to Frontier’s customer support channels and its official outage-reporting tools for updates specific to their individual service areas, as the company continues working through its pending ownership transition to Verizon alongside its normal day-to-day network operations.
Business
Bluesky Down? Users Report Login And Feed Problems Sunday As Downdetector Tracks Growing Complaint Numbers
Bluesky users began reporting problems accessing the social media platform Sunday morning, according to outage-tracking service Downdetector, with complaints spanning login failures, feeds that would not refresh, and general connection errors across both the app and website versions of the service.
Downdetector said user reports indicating problems with Bluesky began climbing at 11:05 a.m. Eastern time. The tracking service posted about the rising number of reports on its official account on the social platform X, asking affected users to describe how the outage was impacting them and tagging the post with the hashtag “BlueskyDown.” According to reporting from Sunday Guardian, Downdetector’s data showed reports had actually started increasing slightly earlier, around 10:37 a.m. Eastern time, roughly 28 minutes before the platform’s official alert reflected the growing volume of complaints.
As of Sunday, Bluesky had not issued a detailed public statement addressing the scope, cause or expected resolution timeline for the reported disruption, and reports on the severity and scope of the issue varied significantly depending on the source. Sunday Guardian described symptoms as inconsistent, with some users reporting normal service even as others experienced connection problems, feeds that failed to refresh, and difficulty logging into their accounts, particularly in the United States during the morning hours.
Other outage-tracking services offered a mixed picture of Sunday’s disruption. Entireweb Status indicated Bluesky was “operating normally” as of Sunday, logging 69 user reports over the preceding 24-hour period, with three of those in the final hour before its most recent check. Separately, monitoring service IsDown reported zero user submissions in the 24 hours preceding checks it conducted on both Bluesky’s main domain and its discover subdomain shortly after 11 a.m. Eastern time, essentially the same window in which Downdetector was recording a rise in complaints. A third tracker, StatusGator, said its own analysis suggested Bluesky might be experiencing, or might have recently experienced, an outage, even though the company had not officially acknowledged any issue at the time of that assessment.
That inconsistency between different monitoring tools underscores a recurring challenge in tracking outages for platforms like Bluesky, where automated services relying on different data sources, from user-submitted reports to network signal analysis, can reach differing conclusions about whether a genuine service disruption is underway at any given moment.
Sunday’s reported issues would not be the first time Bluesky’s underlying infrastructure has caused service disruptions. The platform, built on the decentralized AT Protocol, relies heavily on what are known as Personal Data Servers, or PDS, to store and serve user data. In April 2025, Bluesky experienced a significant outage lasting roughly an hour, which the company attributed at the time to “Major PDS Networking Problems,” according to TechCrunch. That incident illustrated a quirk of Bluesky’s decentralized design: despite being built on a protocol that, in theory, distributes infrastructure across many independent operators, the vast majority of users interact with the platform through Bluesky’s own official app and centrally operated servers, meaning problems affecting the company’s own infrastructure can still take down service broadly, even on a nominally decentralized network.
A more recent outage on August 5 followed a similar pattern, according to Windows Report, which described Bluesky’s status page confirming that multiple PDS instances were down, again pointing to a backend infrastructure issue rather than isolated account-level problems. During that incident, Downdetector reports spiked sharply, reaching 589 reports compared with a normal baseline of roughly one report, a pattern the outlet said typically signals a widespread service disruption rather than scattered individual connectivity issues.
Bluesky has grown rapidly since positioning itself as a decentralized alternative to platforms like X, drawing a wave of new users during a period sometimes referred to as the “Bluesky bump,” when the service saw a significant surge in adoption. According to data from Similarweb cited by TechCrunch, Bluesky’s growth in the U.S. at one point outpaced that of rival platform Instagram Threads, though the platform’s growth rate has since moderated somewhat as the initial wave of new sign-ups tapered off.
For users experiencing problems Sunday, standard troubleshooting guidance compiled by outage-tracking services generally recommends checking Bluesky’s official status page first to determine whether the company has acknowledged a known, ongoing incident, since a confirmed, company-side outage typically cannot be resolved through user-side troubleshooting alone. If no incident appears on the official status page, users are generally advised to try basic steps such as restarting the app, checking their own internet connection, or trying an alternate browser before assuming a broader platform-wide issue is responsible for their individual access problems.
This remains a developing situation, and additional details regarding the precise scope, underlying cause and expected resolution timeline of Sunday’s reported Bluesky disruption were not immediately available. The company had not issued an official public acknowledgment of the outage as of Sunday, leaving affected users reliant on Downdetector and other third-party monitoring tools for updates on whether the issue was continuing to affect the broader user base.
Business
Rebel Creamery Files For Chapter 11 Bankruptcy After Losing $23.8 Million Ice Cream Packaging Lawsuit
Rebel Creamery, the maker of Rebel Ice Cream sold in grocery stores nationwide, has filed for Chapter 11 bankruptcy protection just weeks after a federal judge ordered the company to pay $23.8 million to rival Van Leeuwen Ice Cream over intentional packaging infringement.
Rebel Creamery LLC filed its Chapter 11 petition August 14 in the U.S. Bankruptcy Court for the District of Utah, according to court records. The Midway, Utah-based company reported approximately $13.78 million in assets against $23.85 million in liabilities, figures that place the Van Leeuwen judgment at the center of the company’s financial distress. Van Leeuwen is listed among Rebel’s unsecured creditors with a $23.785 million claim tied to the federal judgment, though Rebel listed the claim as disputed and noted that the underlying ruling remains under appeal.
The bankruptcy filing came less than a month after U.S. District Judge Eric Komitee of the Eastern District of New York ruled, following a bench trial, that Rebel had intentionally infringed and diluted Van Leeuwen’s trade dress through its ice cream packaging. “The evidence at that trial left no doubt that Rebel infringed and diluted,” Komitee wrote in a July 16 memorandum and order, finding Rebel liable for trade dress infringement, unfair competition and dilution.
Van Leeuwen originally filed its lawsuit against Rebel in April 2021, alleging that Rebel’s ice cream pint packaging copied the distinctive overall appearance of its own product line. The court described Van Leeuwen’s protected trade dress as including monochromatic cardboard pints with matching lids, a primarily pastel color palette, black script lettering and an overall minimalist design aesthetic. Komitee found that Rebel’s packaging bore substantial similarities to that design and that the evidence supported findings of both consumer confusion and bad faith on Rebel’s part. Rebel had argued during the litigation that its founders were unaware of Van Leeuwen’s packaging when developing their own design after the company launched in 2017, an account the court explicitly rejected.
As part of the ruling, Komitee permanently barred Rebel from selling products bearing trade dress likely to be confused with Van Leeuwen’s and ordered the company to redesign its packaging going forward. Van Leeuwen had originally sought $36.4 million in disgorged profits from Rebel, but the court reduced that figure by 33%, finding that some portion of Rebel’s sales were driven by broader consumer demand for keto-friendly and other better-for-you ice cream products rather than specifically by the packaging at issue. That reduction left Van Leeuwen entitled to the $23.785 million awarded in the final judgment.
Rebel filed a notice of appeal August 12, just two days before seeking Chapter 11 protection. Court filings do not establish that the Van Leeuwen judgment was the sole cause of Rebel’s bankruptcy filing, though the size of the award relative to the company’s overall balance sheet made it by far the largest liability listed in its bankruptcy schedules. Beyond the disputed Van Leeuwen claim, Rebel reported approximately $5.22 million in cash and cash equivalents, $2.59 million in accounts receivable and $5.65 million in inventory as part of its filing. The company’s voluntary petition estimated both its assets and liabilities at between $10 million and $50 million and indicated that funds would be available for distribution to unsecured creditors. Austin Archibald is listed as the company’s manager and member in the filing, with Michael Johnson of the law firm Ray Quinney & Nebeker serving as bankruptcy counsel.
Chapter 11 bankruptcy allows a company to continue operating while it restructures its debts under court supervision, meaning the filing does not by itself indicate that Rebel is shutting down or pulling its products from shelves. Rebel Ice Cream remains available at major retailers including Walmart, Kroger, Target and Safeway, among other grocery chains nationwide. The bankruptcy filing also triggers an automatic stay, a legal mechanism that generally prevents creditors, including Van Leeuwen, from pursuing collection of pre-bankruptcy debts without separate permission from the bankruptcy court. The precise interaction between that automatic stay, the packaging injunction Komitee ordered, and Rebel’s ongoing appeal will depend on further proceedings in both the bankruptcy court and the appellate courts.
Van Leeuwen, founded in 2008, has built a national retail and scooped-ice-cream presence in the years since, drawing occasional celebrity and political attention, including a visit from President Joe Biden to one of its New York locations following a 2024 taping of “Late Night with Seth Meyers.” The company redesigned its packaging in 2014 and again to its current design in August 2016, according to court records, with that later design forming the basis for its trade dress claims against Rebel.
With Rebel’s appeal of the underlying judgment still pending and its bankruptcy case now proceeding in Utah federal court, the ultimate resolution of both the packaging dispute and the company’s broader financial restructuring remains unsettled, leaving open questions about how the case will ultimately affect Rebel’s operations and its continued availability on grocery store shelves nationwide.
Business
Google Officially Unveils Pixel 11 Lineup With Agentic Gemini AI, New Tensor G6 Chip And Price Hikes
Google unveiled its Pixel 11 smartphone lineup this week at its Made by Google event in New York, introducing four new devices built around deeper integration of its Gemini artificial intelligence assistant, a new in-house processor, and camera upgrades, alongside price increases the company attributed to rising global memory chip costs.
The lineup includes the Pixel 11, Pixel 11 Pro, Pixel 11 Pro XL and Pixel 11 Pro Fold, all of which opened for preorder August 12 through the Google Store, Amazon and Best Buy, with retail availability beginning August 20. Pricing starts at $899 for the base Pixel 11, $1,099 for the Pixel 11 Pro, $1,299 for the Pixel 11 Pro XL, and $1,899 for the Pixel 11 Pro Fold. Each of those prices runs roughly $100 higher than the equivalent 256-gigabyte configuration from last year’s Pixel 10 lineup, with Google eliminating the lower-capacity 128-gigabyte storage option entirely, meaning every Pixel 11 model now starts with 256 gigabytes of storage as standard.
Google VP Shakil Barkat confirmed that the price increases stem largely from a global shortage of DRAM memory chips, which has driven the per-gigabyte cost of mobile LPDDR5X memory from roughly $2.80 in 2025 to about $12 in 2026, according to analysis from IDC. That same memory shortage has driven price increases across much of the broader consumer electronics industry throughout 2026.
The headline feature across the new lineup is an expanded, more autonomous version of Gemini, which Google is calling Gemini Intelligence. The system can now handle multistep tasks across more than 40 different apps, including ordering groceries, booking rideshares, managing reservations, and even placing phone calls to businesses on a user’s behalf, functioning across apps that don’t have any dedicated Gemini integration built in. The capability relies on a technique often described as screen-parsing, in which Gemini reads and interacts with an app’s on-screen interface directly, similar to how a person would navigate it manually, rather than requiring individual developers to build custom Gemini integrations for their apps. Google has said users will be able to review transcripts of any AI-operated phone calls and can take over or halt a task at any point during the process.
Powering that expanded AI functionality is the Tensor G6, Google’s newest in-house chip and the first 2-nanometer processor used in any Android smartphone to date. Google says the chip delivers 50% more machine-learning compute power than its predecessor, allowing on-device AI tasks paired with the latest Gemini Nano model to run up to 3.5 times faster while consuming up to 3.5 times less energy. Baseline RAM across the new lineup starts at 12 gigabytes, scaling up to 16 gigabytes on higher configurations. Google says the full Pixel 11 lineup delivers more than 30 hours of battery life, with the company also touting a 15-minute charge capable of restoring roughly 15 hours of use.
On the camera side, the new Magic Capture feature analyzes roughly 400 frames during a typical shooting session, combining on-device processing with Gemini models to automatically produce well-timed, high-quality 12-megapixel photos, along with a companion video, without requiring users to switch between separate photo and video modes. A new Camera Looks feature lets users select a default visual aesthetic for their photos at the moment of capture, offering options including Natural, Shadows and Vanilla as new default looks, alongside six additional customizable styles named Digi, Black Tie, Minimal, Editorial, Classic and Velvet. A new Creator Suite adds tools aimed at content creators directly within the camera app, including social media framing gridlines, an on-screen teleprompter that scrolls automatically as a user speaks, and automatic organization of recorded video into project folders.
The Pixel 11 Pro and Pro XL also gain Instant Night Sight, which Google says captures low-light photos up to 4.5 times faster than before while maintaining image quality, addressing a processing-speed limitation that had affected earlier versions of the feature. Camera hardware across the lineup includes a 48-megapixel main sensor offering 56% greater light sensitivity than the prior generation, a 13-megapixel ultra-wide sensor, and a 10.8-megapixel telephoto lens supporting up to 30x Super Zoom. The Pro models additionally introduce HiLight, a ring of LEDs surrounding the camera flash that glows in different patterns to indicate when Gemini is listening, processing or responding, and can also pulse in custom colors to signal an incoming call from a specific contact.
Beyond the core lineup, Google also introduced the Pixel Watch 5 and its first dedicated item tracker, the Pixel Tag, which supports ultra-wideband precision finding and is expected to launch later this year. All Pixel 11 devices come with a commitment of seven years of operating system, security and Pixel Drop feature updates, matching the support window Google has offered since the Pixel 8 series.
Multiple carriers have rolled out early promotional offers tied to the launch. T-Mobile is offering the Pixel 11, Pixel 11 Pro and Pixel 11 Pro XL free with a new line, or up to $1,300 in trade-in credit, while Verizon is offering up to $1,100 in trade-in credit for new lines, or $900 for existing customers, paid out over 36 months. Google Fi is offering $450 off the Pixel 11 Pro for existing subscribers without requiring a long-term contract, and both Best Buy and Amazon are including gift cards ranging from $100 to $350 with qualifying preorders.
With preorders now open and devices set to reach store shelves August 20, the Pixel 11 lineup represents Google’s most AI-centric smartphone release to date, positioning Gemini’s expanded, task-completing capabilities as the primary selling point over more traditional year-over-year hardware upgrades.
Business
abrdn Short Duration High Yield Municipal Fund Q2 2026 Commentary
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Netlist EVP and CFO Gail Sasaki sells $99,750 in company stock

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SentinelOne chief accounting officer Robin Tomasello sells $109,799 in stock

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Business
Where To Watch Today’s Match Livestream for Free
Arsenal and Manchester City meet Sunday in the FA Community Shield, the traditional curtain-raiser to the English football season, with the match carrying extra significance as Premier League champions Arsenal face an FA Cup-winning Manchester City side beginning a new managerial era.
The match kicks off at 3 p.m. British Summer Time at Principality Stadium in Cardiff, breaking from the fixture’s usual home at London’s Wembley Stadium, which was unavailable this year due to previously scheduled concerts. The Football Association confirmed the 74,000-capacity Welsh venue as the replacement host.

Arsenal enters the match as reigning Premier League champions after winning its first English top-flight title in 22 years under manager Mikel Arteta, a triumph that came alongside a run to this year’s Champions League final, where the Gunners ultimately fell to Paris Saint-Germain in May. Arsenal has been active in the transfer market since, with Brazilian midfielder Bruno Guimaraes completing a £75 million move from Newcastle United, a signing teammate Mikel Merino said has given Arsenal what he believes is now the strongest midfield in world football.
Manchester City qualified for Sunday’s match as winners of the 2026 FA Cup, and the fixture carries particular significance for the club given it marks Enzo Maresca’s first competitive match in charge following Pep Guardiola’s departure after nine trophy-laden seasons at the helm. Maresca, who previously managed Leicester City and Chelsea, took over a City side that endured what has been described as a turbulent summer as it works through its own transition period. City enters the match after completing a preseason tour of Asia.
For viewers in the United States, the match will be broadcast on ESPN and ESPN Deportes, with streaming available through ESPN+, the ESPN app, and Fubo, which is offering eligible new subscribers a free trial that can be used to watch the match without an upfront subscription cost. Kickoff in the U.S. is scheduled for 10 a.m. Eastern time, or 7 a.m. Pacific time.
Viewers in the United Kingdom and Ireland can watch the match on TNT Sports, with coverage carried across both TNT Sports 1 and TNT Sports Ultimate, as well as via streaming through HBO Max. In Canada, the match is available through Sportsnet World and Sportsnet+. Australian viewers can watch via Stan Sport, while fans in New Zealand can access the match through beIN Sports Connect.
Broadcast rights extend further across international markets as well. In India, Sony LIV and the Sony Sports Network have confirmed live coverage of the match. German viewers can watch on DAZN Germany and DAZN1, while French audiences can access the match through beIN Sports and beIN Sports Connect. In Spain, the match airs on Movistar Plus+, and Italian viewers can watch via DAZN Italia. In Brazil, coverage is available through ESPN Brazil and Disney+, while Argentine viewers can watch on ESPN Argentina and Disney+. Mexican audiences can access the match through TNT Sports and Max.
Given the wide range of legitimate broadcast partners carrying the match across different countries, viewers are encouraged to check with an official rights holder in their specific region for accurate access details, since broadcast rights and streaming availability can vary and are subject to change.
On the pitch, the two sides enter Sunday’s match with a closely contested recent head-to-head record. Their most recent meeting came in the Premier League on April 19, when Manchester City defeated Arsenal 2-1 at the Etihad Stadium. Across their last five meetings, City holds a slight edge with two wins to Arsenal’s two, along with one draw. Arsenal’s most emphatic result during that stretch came in a 5-1 home victory in February 2025, while City claimed a separate 2-0 win over Arsenal in a Carabao Cup meeting in March 2026.
Both managers have emphasized that Sunday’s match should be treated with the seriousness of a competitive final rather than simply a preseason exhibition, given that it offers both clubs a genuine opportunity to open the new campaign with a trophy in hand. For Maresca specifically, a win would provide an early marker of success as he begins reshaping Manchester City following Guardiola’s historic tenure, while a victory for Arsenal would allow the club to build further on last season’s long-awaited title triumph right from the opening weekend of the new campaign.
With kickoff approaching and broadcast partners across the globe carrying the match live, fans in nearly every major market have a legitimate, officially licensed way to watch Sunday’s Community Shield clash between two of the Premier League’s most successful clubs as the 2026-27 English football season officially gets underway.
Business
Safeway closing more stores as Albertsons reshapes footprint after failed Kroger merger
FOX Business’ Lauren Simonetti breaks down the disappointing July retail sales data, which fell 0.6% month-over-month. She details how consumers are pulling back on spending and analyzes the muted impact on U.S. Treasury yields.
Safeway is closing additional stores as parent company Albertsons Companies reassesses its retail footprint following the collapse of its proposed $24.6 billion merger with Kroger.
Albertsons told USA Today that the company had slowed its potential “portfolio optimization” efforts while the Kroger transaction was pending, then resumed evaluating its store network after the deal fell apart. That process has included opening stores in areas where the company sees long-term demand while making what Albertsons described to the outlet as the difficult decision to close some locations.
The broader company closed 35 stores during fiscal 2025, more than triple the 10 it closed the previous year and up from eight in fiscal 2023, according to Albertsons’ latest annual filing. It opened nine stores during fiscal 2025 and ended the year with 2,244 locations across 35 states and Washington, D.C.
Those closures had a measurable impact on the grocer’s results. Store closures, net of new openings, reduced fiscal 2025 sales by $63.4 million, while costs associated with closed stores and surplus properties climbed to $45.1 million from $15.9 million a year earlier.
COSTCO BRINGS BACK FAN-FAVORITE KIRKLAND TREAT AFTER TWO-YEAR ABSENCE

Shoppers walk outside an Albertsons grocery store on Feb. 26, 2024, in Las Vegas. (Ethan Miller/Getty Images)
Albertsons also continued investing in other parts of its store base. The company completed 94 remodels and opened nine new stores during fiscal 2025 as part of approximately $1.83 billion in capital expenditures, which also included investment in digital and technology platforms.
Albertsons operates 22 grocery banners, including Safeway, Vons, Jewel-Osco, ACME, Shaw’s and Tom Thumb, and employed approximately 280,000 workers as of Feb. 28, 2026.
The company did not provide USA Today with a full list of planned Safeway closures. The outlet reported that Safeway locations that have closed in 2026 include stores at 231 W. Jackson St. in Hayward, California; 2220 N. Coast Highway in Newport, Oregon; and 1601 Maryland Ave. in Washington, D.C.

A customer shops at a Safeway store on June 11, 2024, in Mill Valley, California. (Justin Sullivan/Getty Images)
Albertsons said it is working to place as many affected employees as possible in jobs at other stores, according to USA Today.
The store review follows the breakdown of Albertsons’ planned combination with Kroger, which was announced in 2022 and would have created one of the country’s largest grocery companies.
The Federal Trade Commission sued to block the $24.6 billion transaction, arguing that the combination would reduce competition and could lead to higher grocery prices and less competition for grocery workers.
On Dec. 10, 2024, the U.S. District Court for the District of Oregon granted the FTC’s request for a preliminary injunction blocking the merger. The FTC brought the challenge alongside nine state attorneys general.

A Kroger grocery store in Dallas, Texas, on Feb. 21, 2024. (Shelby Tauber/Bloomberg via Getty Images)
The proposed deal subsequently collapsed, setting off litigation between Kroger and Albertsons.
Albertsons sought a $600 million termination fee from Kroger, while Kroger later filed counterclaims in Delaware disputing that it owed the payment and accusing Albertsons of undermining the regulatory process. Albertsons has disputed Kroger’s account.
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Albertsons did not immediately respond to FOX Business’ request for comment on the closures.
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