NEWS WATCH: DOMINICK'S TO CLOSE 12 STORES AS CHAIN REGROUPS...RITE AID CHAIRMAN RECEIVES KROGER SEVERANCE PAY...HARRIS TEETER TO ENTER WASHINGTON, D.C., MARKET

DOMINICK'S TO CLOSE 12 STORES AS CHAIN REGROUPSlast week it will close 12 underperforming supermarkets -- four in Chicago and the rest in its suburbs -- on March 13. Some store closures had been expected as the chain seeks to regroup under the management of its newly appointed president, Randall Onstead. Safeway, Pleasanton, Calif., Dominick's parent company, said it would record a $50 million to

DOMINICK'S TO CLOSE 12 STORES AS CHAIN REGROUPS

last week it will close 12 underperforming supermarkets -- four in Chicago and the rest in its suburbs -- on March 13. Some store closures had been expected as the chain seeks to regroup under the management of its newly appointed president, Randall Onstead. Safeway, Pleasanton, Calif., Dominick's parent company, said it would record a $50 million to $55 million pretax charge for lease exit costs associated with the closures in its

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