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The Chicago Tribune reports that Albertsons plans to build a chain of small discount grocery stores that it believes will be better positioned to compete with Wal-Mart and Food 4 less. CEO Larry said that he hopes to operate the discount stores and traditional grocery stores within the same markets.

The chain's name has not yet been announced. Some of the new stores could be converted from existing units, and others will be ground-up buildings.
KC's View:
Multiple formats for diverse customer groups. Makes sense to us.