Ross Buys Albertson Sites

By: Associated Press
By: Associated Press
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A California department store chain with a heavy presence in Colorado says it'll acquire 46 of the vacant Albertsons supermarket locations in six states -- including Colorado.

Ross Stores revealed the acquisitions this morning as part of its ambitious expansion plans for 2007.

Pleasanton, California based Ross will also buy former Albertsons sites in Arizona, Florida, Oklahoma, Texas and California. Ross will take over the sites by next month and convert them to its Dress-for-Less format, or DD's Discounts, its sister brand, as early as March.

Ross would not specify which of the Albertsons stores it will take over. The newly formed Albertsons LLC closed several stores after the former Boise, Idaho-based chain was split up earlier this year.

Ross operates 766 stores in 27 states and Guam. Several Colorado stores are located in the northern part of the state, plus the Denver metropolitan area, Colorado Springs, Pueblo and Grand Junction.

(Copyright 2006 by The Associated Press. All Rights Reserved.)

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