Ross Stores Buys 46 Albertsons Locations
said last week it has agreed to acquire 46 Albertsons locations in California, Florida, Texas, Arizona, Colorado and Oklahoma from the private equity group that acquired the weaker Albertsons stores in June. Terms of the transaction, which could close as soon as next month, were not disclosed. The discount clothing retailer said it would invest $1.5 million to $2 million per store to convert the sites to its Ross and dd's Discounts formats by as soon ...
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