July 25, 2003 |
Safeway Inc., the parent of the Genuardi's stores in the Philadelphia suburbs, reported a sharp decline in second-quarter profit yesterday as it struggled to overcome a variety of problems. Safeway, based in Pleasanton, Calif., and the nation's third-largest supermarket chain, faced slow sales growth because of the weak economy and increasing competition in some parts of the country from Wal-Mart Stores Inc. In this region, Safeway faced a different problem after it acquired Genuardi's from its founding family in early 2001.
July 14, 2002 |
For retiree David Peoples, it was the little things that he once loved about the Genuardi's supermarket near his home in Spring House. And it's the little things that annoy him now. Like many Genuardi's shoppers in the Philadelphia suburbs, Peoples believes that the region lost something valuable last year when its largest family-owned chain - and one of the most widely admired companies in the supermarket business - sold its 44 stores to Safeway...
May 23, 2002 |
Working to organize employees at Genuardi's Family Markets, five United Food and Commercial Workers union locals are asking customers to shop elsewhere as they mount a big recruiting push over the busy Memorial Day weekend. The locals plan increased picketing, and a radio advertising campaign is scheduled to begin today. "The employees are calling us," said Anthony Cinaglia, president of UFCW Local 56 in Cherry Hill, which plans to picket about 20 stores today and over the weekend.
December 6, 2000 |
Genuardi's Family Markets, the local family-owned supermarket chain that began in 1920 when an Italian immigrant peddled garden vegetables from his horse-drawn cart, will be sold to Safeway Inc., a California-based supermarket company. "The Genuardi family intends to exit the supermarket business," said chief executive officer Charles A. Genuardi, a grandson of Gaspare Genuardi, the immigrant farmer who modernized his business by upgrading to a Model-T truck in the early '20s. The cash price was undisclosed.
October 14, 2003 |
Zagara's Fresh Markets L.L.C., the operator of three stores in the highly competitive business of selling fresh gourmet food, has filed a Chapter 11 petition in U.S. Bankruptcy Court in Camden but will continue to operate while it reorganizes, company officials said yesterday. Zagara's has stores on Route 38 in Mount Laurel, on Route 73 in Marlton, and in Glen Mills, Delaware County. To customers, the stores appeared to be operating normally yesterday, with virtually every inch of shelf space filled with merchandise, and the usual array of fresh produce, meat, pastry and prepared foods available.
March 13, 2003 |
Members of the United Food and Commercial Workers union stepped up their campaign to organize employees at Genuardi's supermarkets yesterday, staging a noisy rally at a Montgomery County store and trying to enter the store to talk to workers. About 25 union members, some carrying signs declaring "We Are Here For You" directed at Genuardi's employees, were blocked from going inside by managers from the store at 25 W. Germantown Pike and from Genuardi's nearby headquarters in Norristown.
September 17, 1986
In response to Richard Cohen's Sept. 9 Op-ed Page article "Everybody wins, except the employees," regarding the leveraged buyout of Safeway, I feel compelled to expand his narrow and presumptive assertions. Mr. Cohen argues that the officers of the new, private company, the investment and commercial bankers and even the printers profit, while the employees are forsaken. He states that the company is being "looted" by the "corporate wreckers. " Mr. Cohen points to greed as the driving force behind the buyout.
January 5, 2012 |
Giant Food Stores announced Thursday it will acquire 16 Genuardi's Family Markets across the Philadelphia area in a $106 million deal that will significantly alter the supermarket landscape in the region by giving surging Giant an even greater profile in the highly competitive suburbs. The transaction, expected to close over the next six months, would transfer ownership of the stores from Safeway Inc., and convert them all to Giant, whose operations are headquartered in Carlisle, Pa. The stores affected are on York Road in Jamison, Eagle Road in Newtown, Flowers Mill Road in Langhorne, County Line Road in Chalfont, Boot Road in West Chester, East Baltimore Pike in East Marlborough, East Lancaster Avenue in St. Davids, Baltimore Pike in Springfield, Wynnewood Road in Wynnewood, Bethlehem Pike in Flourtown, Huntingdon Pike in Huntingdon Valley, Bethlehem Pike in Spring House, South Henderson Road in King of Prussia, Norristown Road in Maple Glen, Susquehanna Road in Roslyn, and Sumneytown Pike in North Wales.
June 14, 1987 |
Not long ago, Supermarkets General Corp. sat securely at the top of the heap among supermarket operators. The Woodbridge, N.J., company that runs Pathmark had all the requisite vital signs: robust sales and earnings, a dominant position in most of its markets and an enviously harmonious relationship with its 53,000 unionized employees. Of course, that was before it became a takeover target. Now, Supermarkets General is in the throes of a massive leveraged buy-out designed to keep it free of the clutches of Dart Group Corp.
October 11, 2010
M Columbus Day: The stock market is open today. The bond markets are closed. Banks have the option of being open or closed. T Releases: Federal Reserve's minutes from September interest-rate meeting. Earnings: CSX and Intel. W Releases: Treasury releases federal budget for fiscal 2010. Earnings: JPMorgan Chase. T Releases: Labor's wkly jobless claims, Sept. Producer Prices; Commerce's Aug. int'l trade; Freddie Mac's weekly mortgage rates. Earnings: Advanced Micro Devices, Google, Safeway.