Albertson's Sells Some Stores To Cut Costs

03/14/2002 | Chicago Sun-Times (free registration)

Albertson's yesterday announced plans to auction four closed Jewel-Osco stores in the Chicago area. The company said it would sell or close 116 stores in Tennessee and Texas. The savings are intended to help Albertson's compete with such supercenters as Wal-Mart by marketing fresh produce and expanding albertsons.com.

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