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;

Stock News for Safeway (SWY)
10/15/201409:51:04U.S. Hot Stocks: Hot Stocks to Watch
08/14/201421:30:10Supervalu Investigating Potential Data Breach
07/25/201415:02:08Greenlight Notes Short Positions in Safeway, Lorillard -Reuters
07/13/201406:18:25MARKET SNAPSHOT: Tech, Bank Earnings To Test Economic Recovery
04/04/201411:12:42Blackstone Reaches $5.4 Billion Deal for Gates Global
03/17/201417:37:48Attorneys General Urge Major Retailers to Stop Selling Tobacco...
03/17/201416:00:51Major Retailers Urged to Stop Selling Tobacco Products
03/17/201415:31:14Attorneys General Urge Major Retailers to Stop Selling Tobacco...
03/17/201413:17:32Correction to Tobacco Products Story
03/17/201410:43:20Attorneys General Urge Major Retailers to Stop Selling Tobacco...
03/07/201416:53:55MARKET SNAPSHOT: Stocks End Mostly Higher; S&P 500 Notches Record
03/07/201415:03:30MARKET SNAPSHOT: U.S. Stocks Mostly Rise; Nasdaq Slips Into Red
03/06/201419:54:36Cerberus Agrees to Buy Safeway for $9 Billion
02/20/201416:54:51MARKET SNAPSHOT: Stocks Close Higher On Markit PMI, Deal Boost
02/20/201412:01:37MARKET SNAPSHOT: Stocks Rise, Shaking Off Weak Philly Fed Data
02/20/201410:45:08MARKET SNAPSHOT: Stocks Waver After Philly Fed Disappoints
02/19/201415:56:12MARKET SNAPSHOT: U.S. Stocks Fall After Fed Minutes
02/19/201415:18:30MARKET SNAPSHOT: U.S. Stocks Move Lower After Fed Minutes
02/19/201413:22:12MARKET SNAPSHOT: U.S. Stocks Abruptly Reverse Amid Nervousness
02/19/201410:53:22MARKET SNAPSHOT: U.S. Stocks Higher On Upbeat Earnings, Deal...

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