US: Albertson’s LLC to close over 50 stores
Newly acquired Albertson's LLC plans to close more than 50 underperforming stores in the US, reported regional press.
According to news reports in the States, at least 53 stores are set to close, with 16 stores shutting in Colorado and 37 in Northern California.
The decision is being made by an investor group led by Cerberus Capital Management, which took control of 661 Albertson's stores in Florida, Northern California, Rocky Mountains and Southwestern regions on Friday (5 June).
Minneapolis-based retail group SuperValu took over 1,100 other Albertson's stores to become the country's third largest chain.
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