Financial Matters |
In a recent announcement, Safeway has confirmed that it will be closing its store located at 9160 W. Colfax Ave., near Garrison Street, in Lakewood. The closure is scheduled for Saturday, August 9, 2025 [1][2].
The decision to close the store was not made impulsively but was the result of a deliberate choice [3]. Safeway's executive team has evaluated the store's financial performance, and it has been determined that the location is not meeting the financial requirements set by the company [4][5].
The announcement was made by a Safeway spokesperson, who did not provide further details regarding the reasons for the closure [6]. However, customer comments suggest that the store has been popular, especially among working people, indicating that the closure is not due to a lack of local support [1].
The store has been holding a going out of business sale leading up to the closure date [2]. Customers who wish to stay updated on the latest business news can sign up for Breaking Business News email alerts on the website [7].
Safeway's focus on growth is evident in this decision, as the closure is part of the company's strategic plans [8][9]. The company is yet to announce any plans for the property or any potential relocation of services to other nearby locations.
This closure marks a significant change for the Lakewood community, and customers are encouraged to visit the store before its scheduled closure date.
The closure of Safeway's store at 9160 W. Colfax Ave. is not a hasty decision, as it stems from the company's strategic plans, which prioritize growth and improved financial performance. Despite the store's popularity among working people, the location has failed to meet the financial expectations set by the company.
