All Tom Thumb, Albertsons and Market Street locations will be scrutinized against Kroger’s footprint. Together, the four brands operate 195 stores in Dallas-Fo...
Mockingbird Lane and Abrams Road in East Dallas has a Tom Thumb on the northwest corner. The Albertsons on the southeast corner was sold and later closed by a smaller operator, Minyard Sun Fresh Market, which didn’t have the scale to compete.The intersection is just now getting a second grocery store again to compete with Tom Thumb. Sprouts Farmers Market will open soon on the northeast corner in space vacated when Stein Mart went out of business in 2020.
McMullen said the retailer will invest $500 million to lower Albertsons prices and $1.3 billion to improve the acquired stores. He pointed to private-label products, such as Kroger’s Simple Truth, Home Chef and Private Collection and Albertsons’ Signature Select and O Organics, as a way to lower prices.
“Consumer goods companies are watching this very closely,” said Bobby Gibbs, principal in the Dallas office of management consulting firm Oliver Wyman.
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