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ORANGE COUNTY, CA-The massive food and drug retailer, Alberston’s Inc., says it will invest more than $1 billion in Southern California in the next three years. The capital will be dispersed between the construction of new stores and the remodeling of existing stores in the region.

The Boise, ID-based supermarket chain says it has chosen Southern California because of its position as the nation’s largest retail market. “It is a strategic market of choice that our company is committed to grow and strengthen, as we drive to extend our lead as the number one food and drug retailer in the region,” says Larry Johnston, Albertson’s chairman and CEO. The company currently owns and operates 268 Albertson’s Food Stores and 302 Sav-On Drugstores in Southern California.

In Orange County, the company has already broken ground on an Albertson’s store that is rising in Orange, as well as Sav-on stores that are being built in Dana Point and Anaheim. It is also planning to remodel stores in various locations throughout the county, including Brea, Irvine, Mission Viejo and Laguna Beach.

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