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Albertsons Inc. announced Friday that it will pull out of the New Orleans market because it has been unprofitable. Four of its stores there may be sold to A&P; plans for its additional three units have not been determined.

The sale of the units is expected to close by the end of June.
KC's View:
It seems like CEO Larry Johnston’s GE pedigree showing – be first or second in a market, or be gone.