-
Jones New York closing outlet stores, ending wholesale business
New York -- Jones New York announced that it will close its 127 outlet stores and discontinue its wholesale business over the course of 2015.
The company said that it made the decision after a review of recent performance and outlook. Jones also said it will pursue strategic alternatives for the brand, which has long been a staple in mid-priced department stores. Its appeal, however, faded in recent years as department stores expanded their private label offerings.
-
Albertsons-Safeway merger officially closes
Boise, Idaho - Albertsons LLC and Safeway Inc. have completed their proposed merger, ending a nearly year-long process that began in March 2014. AB Acquisition LLC, the owner of Albertson's and New Albertson's, Inc., will acquire all outstanding shares of Safeway.
The merger will create a diversified network that includes 2,230 stores, 27 distribution facilities and 19 manufacturing plants with more than 250,000 employees across 34 states and the District of Columbia.

