MINNEAPOLIS — Supervalu last week said it would close 60 struggling stores including 19 Southern California Albertsons locations and 22 Save-A-Lot discount stores, in an effort to cut losses and generate cash from the sale of their underlying real estate. The company said the majority of the stores would close before Dec. 1. The moves reflect an initiative announced under Wayne Sales, its new chief executive officer, to move with greater urgency to reduce costs as it pursues ...
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