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Albertson's to sell three locations in Miami

BOISE, Idaho Albertson's Inc. announced plans to sell three Miami-area store locations. The move came after the Boise-based company's previous announcement that it would close 165 under-performing stores.

The affected stores are located in the Miami area at:

  • 7805s West 40th

  • 14655 S.W. 56th Street

  • and 831 N.E. 8th Street.

Albertson's is now negotiations with Publix and Sedano's for the three locations. Nonetheless, the company plans to increase its capital expenditures in Florida to approximately $125 million in 2002 from $100 million in 2001 -- a 25 percent increase.

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