After becoming aware of an accumulation of a significant amount of the common stock of the company, Safeway’s board of directors adopted a one-year stockholder’s rights plan. Referred to as a “poison pill,” the measure is designed to thwart takeover attempts by diluting the holdings of an investor if its stake exceeds a set threshold. […]
Category: Store News
Posted in, National, Store News
FSI, Navy Federal Open First In-Store Branch In Maryland Safeway
Financial Supermarkets Inc. (FSI) and Navy Federal Credit Union (NFCU), with $54 billion in assets, teamed up to open the credit union’s first retail branch Sept. 9 in Safeway’s Germantown store in Maryland. “We are excited about the opportunity to partner with Safeway and FSI to increase member convenience in the Germantown area,” said Steve […]
Posted in, Store News, West
Fry’s President Dies At 58
The president of Fry’s Food & Drug Stores Inc. has died unexpectedly of a heart attack, the Phoenix Business Journal reports. Mr. Jon Flora, 58, died Friday, Fry’s pharmacy technician and Arizona State Rep. Jonathan Larkin told the Journal in an exclusive interview. Larkin confirmed Fry’s employees learned of Flora’s death Friday afternoon. “It’s such […]
Posted in, C-Store News, National
New 7-Eleven Snack Section Offers Gourmet, Better-For-You Selections
7-Eleven Inc. has upped its packaged snacks game with the introduction of a new selection of gourmet, organic and better-for-you snacks. 7-Eleven has studied dining trends that show consumers are snacking more often than ever, and 7-Eleven stores now are offering a broader assortment that reflects consumer desires for snacks made with premium ingredients and […]
Posted in, National, Store News
Whole Foods Now Boasts 147 Certified Cheese Professionals
Seventy-seven Whole Foods Market cheesemongers recently put their expertise on display at the second annual American Cheese Society Certified Cheese Professional exam. The exam tests cheesemongers’ mastery of all things cheese, including cheese making, ripening, storage, handling, nutrition and more. Those who pass the exam are part of an elite few who have mastered all […]
Posted in, Southeast, Store News
Publix To Buy Seven Bi-Lo Stores In The Carolinas
The grocery news out of the Carolinas keeps on coming. Publix Super Markets Inc. and Bi-Lo Holdings, parent company of the Bi-Lo and Winn-Dixie grocery store chains, this morning said they have entered into an agreement under which Publix is expected to purchase seven Bi-Lo-branded stores in North and South Carolina. The transaction is projected […]
Posted in, Southeast, Store News
Piggly Wiggly Carolina To Sell 29 Stores To Bi-Lo Holdings, Harris Teeter
Piggly Wiggly Carolina Co. has entered into definitive agreements with Bi-Lo Holdings and Harris Teeter Supermarkets to sell 29 of its stores. Bi-Lo Holdings plans to purchase 22 stores in South Carolina and coastal Georgia. Harris Teeter expects to purchase seven South Carolina stores, one of which is under construction. Financial terms of the transactions […]
Posted in, National, Store News
Kroger Reports Record 2Q Results
The Kroger Co. on Thursday reported net earnings of $0.60 per diluted share and identical supermarket sales growth, without fuel, of 3.3 percent in the second quarter of fiscal 2013. The company marked its 39th consecutive quarter of positive identical supermarket sales. “Kroger’s strong second quarter results have us on target to deliver the earnings per […]