Albertson's to pull out of Omaha NE area
Jun 17, 2004 12:12 PM, from staff and wire reports
Albertsonís Inc is continuing to exit markets where it is not #1 or #2 or sees no near-term path to get to a leadership position. Consequently, the Boise ID-based supermarket giant will exit the greater Omaha NE marketplace immediately by selling 21 stores: 11 food and 10 drug stores in Omaha, Bellevue, and Grand Island NE and Council Bluffs IA.
The food store transactions include:
ēThe sale of five Albertsonís stores in Omaha and Bellevue to No Frills.
ēSale of six Albertsonís stores in Omaha and Grand Island to Bag ín Save.
These definitive agreements are subject to customary closing conditions.
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