Major grocery chain closes more stores, cuts jobs as post-merger fallout deepens

Albertsons is closing additional stores and cutting jobs nationwide as it works to stabilize operations following the collapse of its $24.6 billion merger with Kroger, intensifying pressure on the grocery chain.The Boise, Idaho-based company — which operates banners including Safeway, Vons and Pavilions — has announced a new round of closures in recent weeks as it pivots to cost-cutting and operational changes.