Albertson’s Closes Three Colorado Stores

New York City, Albertson’s notified three of its Colorado stores that their leases would not be renewed, thus cutting about 200 jobs.

The announcement comes amid rumors that the Idaho-based national grocer may be seeking potential buyers.

Albertson’s is currently fourth in the Colorado market share, behind King Soopers, Safeway and Wal-Mart. Last year, Albertson’s closed all 21 of its Omaha stores, saying that it would not stay in markets where it could not be No. 1 or No. 2. In Colorado, Albertson’s has been accustomed to its place behind King Soopers and Safeway, but it has recently been surpassed by Wal-Mart, as well.