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Sobeys

  • Safeway adopts ‘poison pill’ to prevent takeover

    Pleasanton, Calif. -- Safeway Inc. announced that it has adopted a one-year stockholder rights plan, or a “poison pill,” to discourage an unfriendly takeover.

    The company adopted the plan after it became aware that unnamed investors had accumulated “a significant amount” of its stock. The investor turned out to be hedge fund company Jana Partners, which disclosed in a filing that it has accumulated a 6.2% stake in the supermarket retailer.

  • Safeway caters to Hispanic shoppers

    PLEASANTON, Calif. — Safeway and Food Network host Marcela Valladolid have unveiled a Safeway-exclusive Marcela Valladolid brand, which offers an assortment of Mexican food products.

  • Safeway reaches $600K settlement with EPA

    Pleasanton, Calif. -- Safeway, Inc. has reached a $600,000 settlement with the Environmental Protection Agency (EPA) and Department of Justice (DOJ) in regard to violations of the Clean Air Act. The government alleges that Safeway neglected to repair leaks of heat-trapping gas HCFC-22 from its refrigerators in a timely manner or keep proper records of refrigerator maintenance.

  • Duane Reade racks up one million Twitter followers

    New York -- Drugstore operator Duane Reade in late August passed an important milestone: It surpassed 1 million Twitter followers. The drugstore chain, which is owned by Walgreens, is most-followed retailer on Twitter in the food, drug and mass arena.

    Duane Reade has garnered five times more Twitter followers than its parent company Walgreens (180,390 followers), the second-most followed drug store retailer. CVS/pharmacy, No. 3, is followed by 117,931 Twitter followers.

  • Grocery Evolution

    Widening competition for commodity grocery sales is changing grocery-anchored shopping centers.

    Supermarket-anchored shopping centers haven't changed much since the invention of suburbia. Find a good location, sign a grocery anchor, get a construction loan and some inline local, regional and maybe national retailers, and you're in business.

    Today, however, supermarkets are beginning to change, and supermarket-anchored shopping centers, of course, must follow along.

    Why are grocers changing? Competition from all sides.

  • The ‘soup that made Seinfeld famous’ heads to Walmart

    NEW YORK — Soupman Inc., the parent company of The Original SoupMan, is about to see "the soup that made 'Seinfeld' famous" hit shelves at nearly 500 Walmart stores. 

    The brand's soups, which are already sold in more than 4,000 supermarkets nationwide, include the classic soups that made the company famous: lobster bisque, chicken noodle, lentil and tomato bisque. 

  • Safeway, MDA team up to fight muscle disease

    PLEASANTON, Calif. — Safeway and the Safeway Foundation are holding an annual fundraising campaign together with the Muscular Dystrophy Association to support individuals and families affected by muscle disease. 

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