Albertsons-Osco Combos to Move Across Southwest
PHOENIX - Albertsons Inc. last week completed the conversion of its entire Phoenix base of 36 stores to Albertsons-Osco Food and Drug stores, and a key company executive said that the concept will be expanded throughout Arizona, New Mexico, and West Texas.
"Now that our dual-branding conversion in Phoenix is complete, we are announcing that we plan to spend approximately $500 million across our Southwest Division through 2005 to enhance our competitive position," said president and COO Peter Lynch.
Phoenix is the fifth market in which Albertsons has developed dual-branded stores. Coupled with freestanding Osco Drugstores in Phoenix, the conversion increases Albertson's total drug store count to 95 units in the market. The dual-branded format was pioneered by the Jewel-Osco Division in Chicago.
"This new half-billion dollar investment is an exciting announcement for our customers and associates," said Southwest Division president Jim Rice. "The investment will translate into thousands of new jobs."
"Now that our dual-branding conversion in Phoenix is complete, we are announcing that we plan to spend approximately $500 million across our Southwest Division through 2005 to enhance our competitive position," said president and COO Peter Lynch.
Phoenix is the fifth market in which Albertsons has developed dual-branded stores. Coupled with freestanding Osco Drugstores in Phoenix, the conversion increases Albertson's total drug store count to 95 units in the market. The dual-branded format was pioneered by the Jewel-Osco Division in Chicago.
"This new half-billion dollar investment is an exciting announcement for our customers and associates," said Southwest Division president Jim Rice. "The investment will translate into thousands of new jobs."