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FTC clears Albertsons, Safeway merger
Boise, Idaho -- Albertsons and Safeway announced on Tuesday that they have received clearance from the U.S. Federal Trade Commission for the companies' proposed merger, which was announced on March 6, 2014.
The FTC's clearance follows Albertsons' and Safeway's agreement to a proposed consent order, which includes a commitment to divest 168 stores.
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Delhaize Group Q4 sales beat estimates
An extra week of sales and accelerating food inflation helped Delhaize Group, the owner of Food Lion stores, post profits that beat analyst estimates.
The company reported that fourth quarter U.S. revenues were $5.23 billion, a 12% increase from $4.67 billion the same period a year earlier. Same-store sales rose 3.6% in the U.S., but fell 6.9% in Belgium and 2.2% in Southeastern Europe.
