Safeway quits Chicago

10/10/2013 05:22:00 PM
Pamela Riemenschneider

In its 3rd quarter conference call on Oct. 10, Pleasanton, Calif.-based Safeway Inc. said it plans to exit the Chicago market by “early 2014”.

The company operates 72 Dominick’s stores in the area, and the announcement comes on the heels of the company’s departure from Canada.

“The decision to sell Canada Safeway and to exit the Chicago market is consistent with Safeway’s priority of maximizing shareholder value,” said president chief executive officer Robert Edwards, in a statement. “These actions will allow us to focus on improving and strengthening our core grocery business.”

Supervalu Inc., Eden Prairie, Minn., also recently pulled out of Chicago, selling its stores, including the Jewel-Osco banner, to Cerberus Capital Management LP in March.

Safeway did not mention its plans for Dominick’s stores, whether it includes a sale, closures or other actions.



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