LOS ANGELES-The supermarket sector here is in flux, and that could cause some shake-ups in current retail locations.

Leading the exodus is British company Tesco, which today announced that it will exit the U.S. market, taking an estimated billion-dollar loss on its efforts to establish its Fresh & Easy chain. Tesco has 200 stores in Arizona, California and Nevada, and the company stated it would attempt to sell those stores.

Also making waves is the sale earlier this year of Albertson's, a major mainstream grocery chain, to Cerberus Capital Management. Just before the sale, Albertson's closed 19 under-performing stores in Southern California.

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