ALBERTSON'S TO BE CHALLENGED IN CALIFORNIA

BOISE, Idaho -- Albertson's here said last week it would spend $1 billion over the next three years for new stores and remodels -- including a rollout of its dual-branded, combination-store format -- in Southern California.That's a region where the company's supermarkets face a challenge from the arrival over the next few years of supercenters operated by Wal-Mart Stores, Bentonville, Ark., and where

BOISE, Idaho -- Albertson's here said last week it would spend $1 billion over the next three years for new stores and remodels -- including a rollout of its dual-branded, combination-store format -- in Southern California.

That's a region where the company's supermarkets face a challenge from the arrival over the next few years of supercenters operated by Wal-Mart Stores, Bentonville, Ark., and where the company's drug store chain, Sav-on, faces a more immediate challenge from the cu

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