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Supervalu to close 60 underperforming stores
Minneapolis -- Supervalu announced Wednesday it will close about 60 underperforming or nonstrategic stores in fiscal 2012. The closings include 22 Save-A-Lot locations, 27 Albertsons stores, four Acme stores and one previously announced Jewel-Osco.
The majority of the stores are expected to close before Dec. 1, which marks the end of the company’s fiscal 2013 third quarter.
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Safeway planning IPO for its Blackhawk Network gift card distribution division
PLEASANTON, Calif. — Safeway on Wednesday announced that it plans to file a registration statement in the United States for a potential initial public offering of a minority ownership stake in Blackhawk Network Holdings, a leading prepaid payments network.