Here We Go...Cerberus/Albertsons Store Closings

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jamcool
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Here We Go...Cerberus/Albertsons Store Closings

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BOISE, Idaho (June 7, 2006) - Albertsons LLC here plans to close about 100 stores throughout the country in an effort to focus on its best-performing locations, according to reports. The company, which operates about 650 stores under the Albertsons, Super Saver and Grocery Warehouse banners, was acquired by a group of investors led by Cerberus last week as part of the break-up of the Albertsons chain. A spokeswoman confirmed that closures were taking place in all divisions but declined to reveal the total number because not all employees had been notified. Local reports put the totals at 37 in Northern California, leaving 131; 30 in Texas, Oklahoma and Louisiana, leaving about 150; 16 in Colorado, leaving 52; nine in the Arizona division(Eight in Metro Phoenix,one in Kingman), leaving 81; and eight in Florida, leaving 96. [/b]
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