March 8, 2014 |
Acme Markets' corporate parent, the Albertsons grocery-store chain, on Thursday purchased Safeway Inc., for about $9 billion. Albertsons is controlled by an investor group led by Cerberus, a New York-based private-equity firm. Other investors included Philadelphia-based Lubert-Adler Partners, Kimco Realty Corp., Klaff Realty L.P., and Schottenstein Real Estate Group. With the purchase of Safeway, the group will now control about 2,400 grocery stores, making it one of the largest chains in the country.
July 23, 2012 |
Dave Margavich was nervous and maybe a bit officious in his store-manager uniform as stragglers pushed shopping carts through barren grocery aisles like zombies scavenging for the last bites off a carcass. Their prey: the few discounted scraps that remained on shelves at the Genuardi's in St. Davids, a supermarket that opened on Lancaster Avenue as a jewel of the Main Line in 1992, but that on July 12 was mere minutes away from checking out its final customer. The lone populated produce island contained 13 potatoes, nine oranges, 10 green apples, a few bananas, some plantains, and an oddly plentiful basket of garlic.
June 13, 2012 |
It is no mere stroke of good fortune that three former Genuardi's supermarkets in the Philadelphia suburbs will reopen this weekend as Weis Markets. The stores — on Ridge Pike in Conshohocken, West Germantown Pike in East Norriton, and Old Dublin Pike in Doylestown — are part of a calculated strategy to expand a little-known name deeper into the Philadelphia region, where, despite the presence of many grocery options, new players can't seem to stay away. The Sunbury, Pa.-based Weis chain has been remaking itself for several years, rebranding all its holdings in its core central and north-central Pennsylvania markets: Mr. Z's stores in the Poconos and Scranton/Wilkes-Barre area have become Weis Markets, as have King's stores in the Lehigh Valley and Scot's Lo Cost stores.
February 14, 2012 |
Weis Markets Inc. on Monday said it was buying three Genuardi's supermarkets from Safeway Inc. - two in Montgomery County, on Ridge Pike in Conshohocken and on West Germantown Pike in Norristown, and a location on Old Dublin Pike in Doylestown, Bucks County. No sale price was disclosed. Weis said the suburban stores would operate under the Genuardi's name until the deal was completed. The trio of Genuardi's stores nearly doubles the Weis presence in suburban Philadelphia, raising its tally of stores to seven.
January 9, 2012
TUCSON, ARIZ. - This time, in the supermarket parking lot, there were softly ringing bells breaking the morning silence instead of the terrible sounds of gunfire and sirens. More bells tolled later yesterday at St. Augustine Cathedral as the names of the six people killed in the rampage were read. The day of remembrance began at 10:11 a.m., the exact time that the gunman shot Rep. Gabrielle Giffords in the head and methodically moved down a line of people waiting to talk to her outside a Safeway on Jan. 8, 2011.
January 9, 2012 |
Before there was Wegmans, there was Genuardi's Family Markets. And that's where the tragedy of what was once one of the region's most revered supermarket chains begins and ends. Few in the supermarket industry were surprised when Giant Food Stores L.L.C. announced Thursday that it was buying and converting 16 of the region's 27 Genuardi's locations - or that California-based Safeway Inc. was looking to unload eight others to prospective buyers, shut down three more, and leave Philadelphia entirely.
January 6, 2012 |
In what amounts to its biggest expansion move ever in the Philadelphia market, Giant Food Stores on Thursday announced it had acquired 16 Genuardi's supermarkets from Safeway Inc. for $106 million. The transfer of ownership to Giant of 16 of 27 Genuardi's stores in the region - coupled with the closing of three more stores and the hoped-for sale of the remaining eight - likely signals the end of the Genuardi's grocery name, which was among the region's most highly regarded before Safeway acquired the family-owned business in 2001.
October 13, 2011 |
PLEASANTON, Calif. - Safeway Inc.'s fiscal third-quarter profit rose 6 percent as the grocery chain generated stronger revenue from gasoline sales and cost control efforts. Its shares rose more than 4 percent in premarket trading. The operator of the Philadelphia region's Genuardi's chain, as well as Von's, Dominicks, Safeway and other grocery chains, reported Thursday that its net income rose to $130.2 million, or 38 cents per share, for the period ended Sept. 10. That's up from $122.8 million, or 33 cents per share, a year ago. Revenue rose 7 percent to $10.06 billion from $9.4 billion.
May 19, 2011
Magnum ice cream bars, coated in thick Belgian chocolate and a favorite brand in Europe, are now available - and worth looking for - in the United States. In Classic, Almond, Double Chocolate, Dark, Double Caramel, and White Chocolate flavors, they're super-rich and kosher. Magnum Ice Cream Bars; $3.99 for a box of three; at Target, Safeway and Acme stores. - Dianna Marder Keeping it Cool On the trip home from the market, keep that ice cream and all your perishables cold in this smart, collapsible cooler.