ADVFN - Advanced Financial Network.
HOME» NYSE » S » SWY Stock Price » SWY Stock News

Safeway Share News

 Safeway Inc. Stock Price
SWY Stock Price
 Safeway Inc. Stock Chart
SWY Stock Chart
 Safeway Inc. Stock News
SWY Stock News
 Safeway Inc. Company Information
SWY Company Information
 Safeway Inc. Stock Trades
SWY Stock Trades

Safeway To Exit Philadelphia Market, Selling 16 Genuardi's To Giant Food

DOW JONES NEWSWIRES Safeway Inc. (SWY) said it intends to exit the Philadelphia market as it agreed to sell 16 Genuardi's stores to Ahold USA's Giant Food Stores unit and plans to close or sell its remaining Genuardi's stores. "We have made the decision to exit the greater Philadelphia market, including four stores in New Jersey, and focus our resources in those operating areas where we have a stronger presence," said Steve Neibergall, president of Safeway's eastern division. Financial terms of the Giant Food deal weren't disclosed. Safeway said it will close the three Genuardi's stores located in Exton, Norristown and Royersford. The supermarket operator is working with potential buyers to sell its eight remaining Genuardi's stores. Safeway--which operates regional chains such as Vons, Randalls, Tom Thumb and Carrs--has tried to offset rising wholesale-food and commodities costs by selling more of its private-label products and controlling costs. The company reported in October its third-quarter earnings rose 6% as higher fuel sales helped boost revenue, though margins slipped. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Safeway (SWY)
DateTimeHeadline
06/10/201508:02:02Does Whole Foods' Status as "America's Healthiest Grocery Store...
05/31/201509:10:02Is Whole Foods' Use of Exclusive Brands a Competitive Advantage?
04/28/201511:19:03SUPERVALU Keeps Recovering as Earnings Growth Trumps Sluggish...
03/04/201508:20:30Annual Report (10-k)
02/13/201510:34:44Amended Statement of Ownership (sc 13g/a)
02/12/201517:01:49Statement of Ownership (sc 13g)
02/10/201514:12:13Amended Statement of Ownership (sc 13g/a)
02/09/201515:33:43Termination of Registration of a Class of Security Under Section...
02/09/201506:03:22Amended Statement of Ownership (sc 13g/a)
02/05/201516:33:27Amended Statement of Ownership (sc 13g/a)
02/03/201510:00:00Safeway Contributes over $300 Million to eScrip Partner Schools
02/02/201517:51:12Statement of Changes in Beneficial Ownership (4)
02/02/201517:44:46Statement of Changes in Beneficial Ownership (4)
02/02/201517:43:52Statement of Changes in Beneficial Ownership (4)
02/02/201517:41:46Statement of Changes in Beneficial Ownership (4)
02/02/201517:41:12Statement of Changes in Beneficial Ownership (4)
02/02/201517:41:12Statement of Changes in Beneficial Ownership (4)
02/02/201517:39:07Statement of Changes in Beneficial Ownership (4)
02/02/201517:38:34Statement of Changes in Beneficial Ownership (4)
02/02/201517:38:07Statement of Changes in Beneficial Ownership (4)

Safeway and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad