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Latest Albertsons News
CVS confirms talks for Albertsons drug store division - Seattle Times
Albertsons is the nation's second-largest supermarket chain with about 2,500 stores including Albertsons, Acme, Shaw's, Jewel-Osco and Sav-on Drugs. The Company announced Sept. 2 it Was interested in pursuing "strategic alternatives'' to increase shareholder value and launched a three-month auction to accept bids on the chain. The Company has struggled due to an extended period of lagging Sales results, a stagnant share price and competition from lower-cost rivals such as Wal-Mart Stores Inc.
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