The alberksons supermarket chain in Chinatown will close on January 1st after almost four years of operation, and has received almost two-thirds of the compensation it was entitled to in an arbitration case.
Albertsonic said it will be able to reopen by March 1st, but the company has not set a date for the next stage of negotiations with the New York City Department of Consumer Affairs and the New Yorkers Attorney General’s office.
Albertsonian said in a statement that it “will continue to negotiate with the city and the state, and we expect to be able eventually to reopen the store by the end of March”.
The chain has been open since 2005, and opened its first store in New York in January 2006.
It is one of the last remaining stores in Chinatown that was built by the Chinese immigrant community, according to Alberksonic.
The store’s closure is the second in the New Year.
In December, the Chinese restaurant chain Chinese Fried Chicken, which also operates at the same location, also closed in Chinatown, and announced it would close on New Year’s Eve.
“I am saddened to hear that the Alberthsons restaurant will close in Chinatown due to a financial issue,” Chinese Fried chicken founder Li Wen said in the statement.
“We are deeply saddened and ask that all Alberthons customers and community members respect our decision to close our restaurant.
We will continue to cooperate with the Chinese government to resolve this issue.”