SMITH'S CONFIRMS IT MAY LEAVE CALIFORNIA

SALT LAKE CITY -- Smith's Food & Drug Centers here last week confirmed widespread reports that it is considering a pullout from the California marketplace.The company said it "has decided to explore the possibility of selling or leasing its California stores to other retailers."The announcement followed a reversal over the past couple of years from growth plans in California, and increasing predictions

SALT LAKE CITY -- Smith's Food & Drug Centers here last week confirmed widespread reports that it is considering a pullout from the California marketplace.

The company said it "has decided to explore the possibility of selling or leasing its California stores to other retailers."

The announcement followed a reversal over the past couple of years from growth plans in California, and increasing predictions from observers that Smith's is gearing for a complete exit.

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