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Supervalu to cut up to 2,500 jobs in Albertsons stores
New York -- Supervalu plans to cut as many as 2,500 positions at its Albertsons unit. The reductions, which will occur across all 247 Albertsons stores in California and Nevada, will begin the week of June 17 and should be completed around July 1, according to a statement.
“A decision of this nature is never easy, but it is the necessary step for us to take to help improve our business and accelerate our turnaround," Dan Sanders, president of the Albertsons Southern California Division, said in a statement.
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NRF: New regulations threaten ability of women to obtain credit
Washington, D.C. -- Federal regulations enacted last year potentially undermine a generation-old law guaranteeing women the right to obtain credit in their own names and need to be reconsidered, the National Retail Federation told a congressional committee on Wednesday.