19 Albertsons Grocery Stores To Close Across SoCal
LOS ANGELES (CBSLA.com) — Supervalu, the parent company of Albertsons, announced Wednesday it will eliminate 19 of its grocery stores in Southern California.
In a statement, the company said the stores are under-performing or "non-strategic."
Although Supervalu didn't say which stores would be closed, the Los Angeles Times reports stores in Long Beach, Glendale, Northridge and Van Nuys are on the list. A Culver City store already shut down last month.
Most stores are scheduled to close by December.
"These decisions are never easy because of the impact a store closure has on our team members, our customers and our communities," said Wayne Sales, president/CEO of Supervalu Inc. "Today's announcement reflects our commitment to move with a greater sense of urgency to reduce costs and improve shareholder value."
Nationally, Supervalu plans to close 60 stores.
(©2012 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)
