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Safeway and Albertsons officially merged
It's the end of an era for Safeway and Albertsons, as the companies announced they have completed their merger, ending a nearly year-long process that began in 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.
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Nordstrom Rack announces new store for 2015, two for 2016
Seattle -- Nordstrom announced three new upcoming locations for Nordstrom Rack.
The company will open a 36,000-sq.-ft. store at Wayne Towne Center in Wayne, New Jersey, in fall 2015. This will be the sixth Nordstrom Rack in New Jersey.
In fall 2016, Nordstrom Rack will open a 35,540-sq.-ft. store at Hamilton Crossing in Allentown, Pennsylvania. The property is owned and being developed by The Goldenberg Group.
