BELLINGHAM, WA - Haggen responded yesterday morning addressing circulating rumors of the retailer experiencing financial troubles.

“[Haggen] is in regular communication with its suppliers and we fully expect that they will be paid in full,” the company stated in a written response to Morning News Beat (MNB).

This statement came in response to MNB’s inquiries in regards to rumors of sales issues that could lead to cash shortfall that would directly impact the retailer’s ability to pay its suppliers.

“We are working diligently to resolve any outstanding issues related to our supply chain as a result of recent store closings,” the statement continued, adding that Haggen stores are receiving shipments from suppliers, and the flow of goods have been adjusted.

MNB also reported that some members from the supplier community have expressed concerns about Haggen possibly filing bankruptcy, though the retailer did not address the issue in its reply.

The chain experienced a rapid growth spurt earlier this year when it acquired 146 stores formerly under Albertson’s and Safeway banners. As we previously reported, this boosted Haggen from:

• 18 stores to 164 stores.
• 16 pharmacies to 106 pharmacies.
• 2,000 employees to more than 10,000 employees.
• a Pacific Northwest company with locations in Oregon and Washington to a major regional grocery chain with locations in Washington, Oregon, California, Nevada and Arizona.

To meet the regulator’s requirement, Haggen unleashed a plan to open 100 stores in 100 days, leading to a controversial adjustment period that appears to continue.

AndNowUKnow will continue to follow this story as it develops.

Haggen