New York City, Albertson’s notified three of its Colorado stores that their leases would not be renewed, thus cutting about 200 jobs.
The announcement comes amid rumors that the Idaho-based national grocer may be seeking potential buyers.
Albertson’s is currently fourth in the Colorado market share, behind King Soopers, Safeway and Wal-Mart. Last year, Albertson’s closed all 21 of its Omaha stores, saying that it would not stay in markets where it could not be No. 1 or No. 2. In Colorado, Albertson’s has been accustomed to its place behind King Soopers and Safeway, but it has recently been surpassed by Wal-Mart, as well.