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- Mon, 04/25/2011 - 6:03am
The 59-year-old Save Mart supermarket chain more than doubled its store count in 2007 with the purchase of 132 Albertsons stores, but entered something of a dormant period since then. Save Mart now operates 241 stores in California and Nevada, down from a peak of 255 in 2009, and 114 in-store pharmacies, down from 115 in 2009.
Like most retailers in California, combo-store pioneer Raley’s Supermarkets has been in a slow growth mode since the recession began in 2008. “We still have 105 pharmacies, so not a lot has changed in the past few years,” said John Segale, a spokesman for the Sacramento-based chain.
Assuming the CVS acquisition goes through as planned later this year, Longs Drug will disappear...