Safeway Announces the Sale of Four Dominick's Stores
PLEASANTON, Calif., Oct. 10, 2013 /PRNewswire-FirstCall/ -- Safeway Inc. (NYSE: SWY) announced today, as part of its plan to exit the Chicago market, it has sold four of its Dominick's stores in the greater Chicago area to New Albertsons, Inc., which operates Jewel-Osco grocery stores. The four stores are:
- 1340 S. Canal Street, Chicago, IL
- 2550 N. Clybourn Avenue, Chicago, IL
- 14200 S. Bell Road (at 143rd), Homer Glen, IL
- 1340 Patriot Boulevard, Glenview, IL
During a short transition period, the stores will continue to operate under the Dominick's banner until Jewel-Osco can complete their conversion to Jewel-Osco stores. Dominick's will be working with Jewel-Osco and the unions to ease the transition for store employees, and to facilitate continued employment for as many of them as possible.
Safeway has decided to exit the Chicago market and focus its efforts in other operating areas where its business is stronger.
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Safeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America. The company operates 1,406 stores in the United States which had annual sales of $38 billion in 2012. The company's common stock is traded on the New York Stock Exchange under the symbol SWY.
CONTACT: Brian Dowling, 925-467-3787
SOURCE Safeway Inc.