US: Albertsons plans 26 store closures
Supervalu Inc. said late Wednesday that the closings are part of a decision to eliminate about 60 stores nationwide, primarily in its Albertsons and Save-A-Lot chains. Albertsons will have 228 stores in California after the closures.
The stores being eliminated are "underperforming or non-strategic," Supervalu said in a statement. The company did not disclose the location of the remaining eight Albertsons stores.
The closures underscore the difficulties facing Albertsons and other traditional grocery chains, which are grappling with feverish competition from dollar stores, large discounters and big-box retailers.
Albertsons are yet to publicly discuss how many jobs are likely to be lost as a result of the store closures.
Source: latimes.com
