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Survey: 39% of consumers ‘very confident’ in credit/debit card safety
Lenexa, Kan. - Only about four-in-10 (39%) of consumers are "very confident" that using a credit or debit card was safe. Half (49%) of consumers surveyed were only "somewhat confident." In light of the mass retail payment security breaches in recent months, Balance Innovations surveyed shoppers about their confidence in using credit and debit cards at their primary grocery store and whether they have changed their payment methods in response.
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Albertsons to acquire Safeway in $9.1 billion deal
Pleasanton, Calif. — Cerberus Capital Managament, which owns Albertsons, won the bid for Safeway.
Safeway and Albertsons on Thursday announced a definitive agreement under which AB Acquisition will acquire all outstanding shares of Safeway in a deal valued at more than $9.1 billion. The transaction is expected to close in the fourth quarter of this year.
The companies will operate independently until closing.