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  • Reports: Safeway acquisition valued at more than $40 per share, potential suitors identified

    NEW YORK — Bloomberg on Thursday lined up the potential suitors in discussion with Safeway on a sale of the grocer, citing people with knowledge of the matter. 

    Firms CVC Capital Partners and Leonard Green & Partners are among the the interested parties, as is Cerberus Capital Management. 

    KKR & Co. bought Safeway in 1986 for about $4.3 billion, according to data compiled by Bloomberg. The retailer went public in 1990.

  • Walmart sees Q4 sales increase of 1.4%

    BENTONVILLE, Ark. —  Walmart knew fourth quarter results and its outlook would be weak so it gave investors Thursday morning something more substantial to digest by announcing plans to double the number of small format stores it will open this year and an increased omnichannel focus.

  • Hertz enters van share partnership with Costco in the U.K.

    LONDON —The Hertz Corp. and Costco in the U.K. have teamed up to bring short-term Hertz 24/7 van rental to Costco's members. 


  • All Take Care Health worksite centers now medical home accredited

    DEERFIELD, Ill. — Walgreens and the Accreditation Association for Ambulatory Health Care have announced that all of the more than 50 primary care worksite health centers managed by Take Care Employer Solutions Group, a division of Walgreens that provides workplace health solutions, have received medical home accreditation.

  • Poll: Drug stores among favorite place to buy groceries

    NEW YORK — A recent poll of U.S. millennial, gen X and Baby Boomer consumers found that traditional retail categories are increasingly blurring, and more and more shoppers are turning to drug stores to buy groceries.

    Retail design firm King Retail Solutions conducted the fall 2013 study among more than 1,200 consumers.

  • President Obama calls for fuel efficiency from best-in-class Safeway DC

    UPPER MARLBORO, Md. — Safeway welcomed President Barack Obama to its Upper Marlboro, Md., distribution center as he called for new fuel efficiency and greenhouse gas standards for medium-duty and heavy-duty trucks, the grocer announced Tuesday.

    In using the Upper Marlboro distribution center for the backdrop for this announcement, President Obama recognized Safeway's commitment to operating its business in the most fuel-efficient and environmentally responsible way.

  • Walmart, Kroger identified as leading retailers in providing opportunity to diversity business owners

    SOUTHPORT, Conn. — DiversityBusiness.com earlier this month named the “Top 50 Organizations for Multicultural Business Opportunities." More than 1.3 million diversity business owners participated in an online election to determine the “Top” 50 organizations. Wal-Mart Stores was named the leading retailer and No. 2 overall for providing business opportunities to diverse business owners throughout the United States. Food, drug and mass retailers Kroger (No. 11), Target (No. 18), Supervalu (No. 23), Walgreens (No. 26) and Ahold USA (No.

  • Safeway confirms grocer is exploring possible sale

    PLEASANTON, Calif. — Safeway on Wednesday afternoon confirmed it is in discussions concerning a possible transaction involving the sale of the company. However, the company declined to comment further at this time. "Although the discussions are ongoing, the company has not reached an agreement on a transaction, and there can be no assurance that these discussions will lead to an agreement or a completed transaction," Safeway stated as part of its earnings release. 

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