The just-released annual report of American Stores Co., which is moving its headquarters from Salt Lake City to Orange County, is more notable for what it doesn't say than what it does.
As expected, the report announces that American, parent company of Alpha Beta supermarkets and Sav-on Osco drugstores, will indeed relocate to Irvine as of July 1.
According to the report, the reshuffling is "an effort to place our headquarters in one of the company's major operating market areas, therefore, closer to our business interests." The La Habra-based southern division of Alpha Beta operates 197 stores in Southern California, including 39 in Orange County.
The Orange County location "will enhance the company's access to financial centers, management training and executive recruitment opportunities," the report continues.