This just in from Channel 5:
Ross Buying 46 Albertsons Sites In Planned Expansion
POSTED: 12:22 pm CDT October 11, 2006
UPDATED: 12:29 pm CDT October 11, 2006
PLEASANTON, Calif. -- Ross Stores said it will acquire 46 former Albertsons supermarkets in six states -- including Texas -- as part of its ambitious expansion plans next year.
The Pleasanton, Calif.-based retail chain announced plans Tuesday to take over sites in Texas, Oklahoma, California, Florida, Arizona and Colorado by November. It plans to convert them to Ross discount stores or its sister brand DD's Discounts as early as March.
Ross wouldn't specify which of the Albertsons stores it will take over.
Its latest plans for expansion are among the biggest in the history of Ross, which started as a family-run junior department store chain in the San Francisco Bay area in 1957.
Ross sells name-brand apparel and accessories at prices 20 to 60 percent below those of department stores and specialty shops. It operates 766 stores in 27 states and Guam.
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