Content about Genuardi

April 25, 2013

Safeway misses analyst sales expectations, shares drop

Safeway shares dropped dramatically Thursday morning as the company reported $10 billion in sales for its first quarter 2013 ended March 23, which is essentially flat as compared with the first quarter of 2012.

PLEASANTON, Calif. — Safeway shares dropped dramatically Thursday morning as the company reported $10 billion in sales for its first quarter 2013 ended March 23, which is essentially flat as compared with the first quarter of 2012. An identical-store sales increase of 1.5% (excluding fuel) was offset primarily by the disposition of Genuardi's stores in 2012 and lower fuel sales in 2013.

July 2, 2012

Conversion under way for Genuardi's stores in greater Philadelphia market

Giant Food has commenced its conversion of 15 former Genuardi's stores.

CARLISLE, Pa. — Giant Food has commenced its conversion of 15 former Genuardi's stores.

The announcement follows Giant Food, an Ahold subsidiary, getting the green light from the Federal Trade Commission for its plan to acquire 15 Genuardi's stores, located in the greater Philadelphia area, from Safeway.

June 18, 2012

FTC gives green light to Giant Food for Genuardi's acquisition

The Federal Trade Commission has approved Giant Food Stores' proposal to acquire 15 Genuardi's stores from Safeway.

CARLISLE, Pa. — The Federal Trade Commission has approved Giant Food Stores' proposal to acquire 15 Genuardi's stores from Safeway.

The announcement follows Giant's Jan. 5 announcement that it would acquire the Genuardi's stores, all of which are located in the greater Philadelphia market. Giant also noted that under the terms of a consent order approved by the FTC, the Genuardi's located in Newtown, Pa., will be purchased by Newtown Market and will be operated as a McCaffrey's supermarket.

June 11, 2012

Weis set to reopen former Genuardi's stores this weekend

Weis Markets has closed on its purchase of three former Genuardi's stores and is slated to reopen them this weekend.

SUNBURY, Pa. — Weis Markets has closed on its purchase of three former Genuardi's stores and is slated to reopen them this weekend.

In advance of these store openings on June 16, located in Conshohocken, Doylestown and East Norristown, Pa., Weis said it will reopen each store's pharmacy Monday at 12 noon to minimize prescription service disruption.

Weis added that it has hired 218 former Genuardi employees and has added 150 positions, which will allow each store to double the number of cashiers it employs and increase front-end service.

April 26, 2012

Safeway CEO to analysts: Grocer is not bracing for a buyout

Recent events, which have driven Wall Street analysts to speculate that Safeway is a buyout target, are not interrelated, Safeway chairman and CEO Steve Burd assured analysts Thursday morning during the grocer's first-quarter conference call.

PLEASANTON, Calif. — Recent events, which have driven Wall Street analysts to speculate that Safeway is a buyout target, are not interrelated, Safeway chairman and CEO Steve Burd assured analysts Thursday morning during the grocer's first-quarter conference call.

February 13, 2012

Weis to buy three Genuardi's from Safeway

Weis Markets on Monday announced it has entered into an agreement to purchase three Pennsylvania-based Genuardi's stores from Safeway.

SUNBURY, Pa. — Weis Markets on Monday announced it has entered into an agreement to purchase three Pennsylvania-based Genuardi's stores from Safeway.

"We're extremely pleased to be adding these stores to our store base," Weis Markets president and CEO David Hepfinger said. "We look forward to serving these communities as the lead local merchant as we have in 33 counties throughout central, eastern and Northeastern Pennsylvania. We will also be reaching out to the associates of these stores to discuss employment with our company."

January 5, 2012

Safeway prepares to exit Philadelphia market

Safeway on Thursday announced the sale of 16 of its Genuardi's stores in the greater Philadelphia area to Giant Food Stores, a division of Ahold USA.

PLEASANTON, Calif. — Safeway on Thursday announced the sale of 16 of its Genuardi's stores in the greater Philadelphia area to Giant Food Stores, a division of Ahold USA. Safeway will continue to operate these stores until the transaction closes, and the company is working through an orderly transition for all of these stores.

In addition, Safeway plans to close three Genuardi's stores and sell the remaining eight Genuardi's stores, which it will continue to operate while it is working with potential buyers.

November 4, 2010

Report: Giant-Carlisle buys two stores from Safeway

Safeway will sell two stores in the Philadelphia area to one of Ahold’s supermarket banners,...

PHILADELPHIA — Safeway will sell two stores in the Philadelphia area to one of Ahold’s supermarket banners, according to published reports.

The Philadelphia Business Journal reported Thursday that Giant-Carlisle will buy two Genuardi’s supermarkets in Bucks County, Pa.

Each store will be closed on Nov. 13 and will re-open in first quarter 2011 under the Giant banner. Store employees will have the opportunity to transfer to other Genuardi’s stores or interview to work at Giant.