Albertsons Announces Store Closures in Texas

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Albertsons says it will close 30 grocery stores in Texas, Louisiana and Oklahoma as part of a national move to shed unprofitable stores.

The Boise, Idaho-based company says the closures include eleven stores in the Dallas area, nine stores in the Austin area, one store in Georgetown and one store in Waco.

Each of the stores employs about 100 people. They're set to close in early August.

Last week, a consortium of buyers including the New York firm Cerberus Capital Management LP closed a deal to take over 661 Albertsons stores -- those in Texas included.

The company said it will maintain 158 stores in its Fort Worth-based division. Five stores will remain open in Austin. Company officials say they will focus on locations that can be turned around.

Officials also say they'll offer jobs at remaining stores to as many displaced employees as possible, and offer severance to those who can't relocate.