Content about Genuardi's

March 1, 2013

Keeping stores open during Hurricane Sandy was one of the factors that contributed to an increase in total store sales and comps in the fourth quarter and fiscal year 2012 for Ahold USA, the supermarket operator's Dutch parent company said Thursday.

AMSTERDAM — Keeping stores open during Hurricane Sandy was one of the factors that contributed to an increase in total store sales and comps in the fourth quarter and fiscal year 2012 for Ahold USA, the supermarket operator's Dutch parent company said Thursday.

Ahold attributed its 4.3% increase in sales in the fourth quarter, to $6.1 billion, partially to the Hurricane Sandy effort. The quarter also saw comps increase by 2.4%, while full year sales were $25.8 billion, a 3.1% over 2011, as comps increased by 1.4%.

February 21, 2013

Safeway Inc. reported net earnings from continuing operations of $1.06 per diluted share for the fourth quarter which ended Dec. 29, 2012.

PLEASANTON, Calif. — Safeway Inc. reported net earnings from continuing operations of $1.06 per diluted share for the fourth quarter which ended Dec. 29, 2012. This includes a $0.12 per diluted share benefit from legal settlements. When you exclude this benefit, earnings per diluted share is 94 cents. This represents a 58% improvement in earnings per diluted share over last year when the settlements are included and a 40% improvement when the settlements are excluded. 

October 11, 2012

Safeway reported income from continuing operations of $108 million, or 45 cents per diluted share, for the third quarter of 2012 compared with $130.3 million (38 centper diluted share) in the third quarter of 2011.

Safeway reported income from continuing operations of $108 million, or 45 cents per diluted share, for the third quarter of 2012 compared with $130.3 million (38 centper diluted share) in the third quarter of 2011.

July 19, 2012

Undeterred by an abundance of headwinds facing conventional supermarket retailers, Safeway chairman and CEO Steve Burd expressed optimism about his company’s performance and prospects during the second half of the year.

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July 13, 2012

A division of Ahold USA has completed its acquisition of stores in the greater Philadelphia area.

AMSTERDAM — A division of Ahold USA has completed its acquisition of stores in the greater Philadelphia area.

Giant-Carlisle officially closed its acquisition of 15 Genuardi's stores, a subsidiary of Safeway. The deal was previously announced in January and was approved by the Federal Trade Commission last month.

As previously reported, during the conversion process, five stores at a time will temporarily close for about a week. The three-phase staggered approach is expected to be completed on July 22.

July 2, 2012

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.

During the conversion process, five stores at a time will temporarily close for about a week. The three-phase staggered approach is expected to be completed on July 22.

June 18, 2012

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 news 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 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 27, 2012

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 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 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.

December 2, 2010

CVS Caremark announced on Friday that former Walmart North executive Hank Mullany will succeed Larry...