Albertsons to get improvements after acquisition by Supervalu
Albertsons to get improvements after acquisition by Supervalu
By: News Staff Report
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Posted by editor Tue Nov 30, 1999 00:00:00 PST
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0 responses 0 comments If you’re waiting to see a big Supervalu sign go up in place of Albertsons at the local market, you’re almost certainly doomed to disappointment, according to company officials.
Minneapolis-based Supervalu assumed ownership of all Albertsons stores in Southern California, from the Central Coast to San Diego, including Las Vegas, as part of its acquisition of Albertsons, which became official on June 2. The acquisition makes Supervalu the third-largest food retailer in the country.
Lilia M. Rodriguez, public affairs manager for Albertsons’ Southern California region, said last week that Albertsons’ shoppers in Tehachapi won’t see outward evidence of the ownership change. She indicated that the new owners are committed to a seamless changeover in management but with significant improvements on the horizon.
She said Albertsons will open six new stores and remodel 11 others this year. All told, she said, Supervalu will spend more than $1 billion doing the same in markets across the country. She did not indicate whether the comparatively-new Tehachapi store will be among those to be remodeled.
Pete Van Helden, president of Albertsons Retail West, said:
“We are thrilled to be a part of the new Supervalu team, and we are excited at the prospect of serving the Southern California region with new and remodeled stores. Supervalu’s commitment to our stores and our community is a great sign of things to come.”
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