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BUSINESS
March 6, 2014 | By Tiffany Hsu
Albertsons is making a play for the top spot in the U.S. grocery industry with the purchase of rival Safeway for more than $9 billion in cash and stock. Safeway, now the second-largest chain behind Kroger Co., owns the Vons and Pavilions brands in Southern California. With the purchase, Albertsons would operate more than 2,400 stores, compared with Kroger's 2,640. The companies said no stores would be closed as part of the transaction, although executives said that the Federal Trade Commission could require divestitures.
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BUSINESS
March 6, 2014 | By Tiffany Hsu
Albertsons parent Cerberus Capital Management is setting its sights on the grocery throne currently occupied by Kroger, buying up rival Safeway Inc. in a deal valued at more than $9 billion. Through its AB Acquisition arm, Cerberus said Safeway shareholders will receive $40 a share, including $32.50 a share in cash. Board members of Safeway, which is based in Pleasanton in Northern California, unanimously approved the transaction. The company runs the Vons and Pavilions chains in Southern California.
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BUSINESS
October 14, 1998 | JAMES F. PELTZ, TIMES STAFF WRITER
Safeway Inc., further accelerating the rapid consolidation of the U.S. supermarket industry, said Tuesday that it's buying Chicago-area chain Dominick's Supermarkets Inc. for $1.2 billion in cash. By adding Dominick's 112 stores, Safeway, which also owns the Vons chain, would operate 1,490 outlets in 18 states and have annual revenue of nearly $27 billion. Safeway, based in Pleasanton, Calif.
BUSINESS
February 20, 2014 | By Shan Li
More than one in four Americans are so afraid of missing work that they head into the office even when sniffling and sneezing, a study says. Many are worried about falling behind on their jobs, missing pay or facing the wrath of bosses who expect them to show up no matter what, according to a survey by NSF International, which tests and certifies public health products. Nearly 20% of Americans report always showing up for work while sick. And 17% of workers say they stay home only if a doctor orders them to, the report says.
ENTERTAINMENT
January 1, 2012 | By David L. Ulin, Los Angeles Times Book Critic
A Safeway in Arizona What the Gabrielle Giffords Shooting Tells Us About the Grand Canyon State and Life in America Tom Zoellner Viking: 276 pp., $26.95 The best material in Tom Zoellner's "A Safeway in Arizona: What the Gabrielle Giffords Shooting Tells Us About the Grand Canyon State and Life in America" comes at the beginning: a moment-by-moment breakdown of the events of Jan. 8, 2011, when, during a Congress on Your Corner event...
NATIONAL
March 21, 2012 | By Michael Muskal
Safeway Inc. is dropping the beef product derisively called "pink slime" from its fresh meat cases, the nation's second-largest supermarket chain announced Wednesday. The company linked its decision to the recent negative publicity about the product. The action affects only fresh ground beef sold in Safeway stores, not foods prepared by other companies. Safeway stores operate under a variety of names -- including Vons in California and Nevada, Randalls and Tom Thumb in Texas, Genuardi's in Philadelphia, and Carrs in Alaska.
BUSINESS
December 14, 2003
Regarding "Safeway's Sales Slump Expected to Continue," Dec. 5: It is astonishing what Safeway Inc. Chief Executive Steve Burd failed to discuss in good faith with his investors. He should be run out of the company for failure to disclose and for fiscal mismanagement. He failed to mention how Safeway has squandered more than $1 billion of its shareholders' money on the botched acquisition of the Dominick's supermarket chain in Chicago. He failed to mention that he has lost more than $400 million so far on this senseless strike, more than it would have cost Safeway to maintain affordable health care for Vons and Pavilions workers.
BUSINESS
September 29, 2001 | Bloomberg News
Safeway Inc.'s fiscal third-quarter profit rose 15% as the third-biggest U.S. supermarket chain controlled costs and boosted sales of more profitable store-brand products. Net income matched analysts' forecasts, rising to $309.2 million, or 60 cents a share, from $270 million, or 53 cents, a year earlier. Sales in the period ended Sept. 8 rose 6.8% to $7.96 billion from $7.46 billion, the company said. Safeway held down costs by reducing theft and food spoilage.
BUSINESS
September 30, 1986 | NANCY YOSHIHARA, Times Staff Writer
Safeway's new owners disclosed Monday that they will sell $1 billion in low-grade bonds this fall to complete the financing of their $4.25-billion acquisition of the world's largest food retailer. In addition, the owners reaffirmed plans to sell "the stock or assets of certain subsidiaries" of Safeway. But they did not say what assets might be sold. For weeks, competitors, workers and union officials have speculated about what assets might be sold.
BUSINESS
July 24, 2009 | Times Wire Reports
Budget-conscious shoppers and falling fuel and commodity prices took a toll on Safeway Inc. during its second quarter, and the grocery store operator, which doesn't expect the picture to improve soon, lowered its full-year earnings forecast. Pleasanton, Calif.-based Safeway earned $238.6 million, or 57 cents a share, for the second quarter, up from $234.3 million, or 53 cents, in the year-earlier period. The slight profit improvement was largely because of a $57.8-million benefit from the resolution of a tax matter.
BUSINESS
October 24, 2013 | By Shan Li
Safeway Inc. shares have climbed for two straight days on speculation of a buyout offer just weeks after the grocery giant deflected another potential takeover. Buyout rumors erupted this week on reports that private equity firm Cerberus Capital Management was involved in discussions to acquire some or all of Safeway, which also operates the Vons and Pavilions chains. Cerberus currently owns a supermarket business that operates Albertsons and Shaw's. Investors responded by snapping up Safeway's stock, which rose nearly 10% this week to close at $36.06 on Thursday.
OPINION
September 15, 2013 | By Rahul K. Parikh
Would you be willing to share with your employer how much you eat, drink, smoke or exercise? And would you be willing to make lifestyle changes in return for a break on the cost of your health insurance? The University of Minnesota offered such discounts to its workers. Actions such as completing a health questionnaire, biking to campus or setting personal fitness goals earned insurance discounts beginning at $300. Nearly 6,000 employees accepted the bargain. But do such programs have the intended effect of healthier employees and lower healthcare costs?
BUSINESS
April 25, 2013 | By Tiffany Hsu
Safeway Inc. stock slid nearly 20% in morning trading Thursday as the Northern California supermarket giant - facing competition from dollar stores and Wal-Mart - reported flat revenue in the first quarter. The Pleasanton company said revenue for the period ended March 23 dipped slightly to $9.99 billion from $10 billion a year earlier - a dent that Safeway attributed to lower fuel sales and the sale of its Genuardi's stores. But same-store sales - a gauge that strips out volatility by only considering stores open at least a year and excludes the impact of fuel - rose 1.5%.
NATIONAL
March 21, 2012 | By Michael Muskal
Safeway Inc. is dropping the beef product derisively called "pink slime" from its fresh meat cases, the nation's second-largest supermarket chain announced Wednesday. The company linked its decision to the recent negative publicity about the product. The action affects only fresh ground beef sold in Safeway stores, not foods prepared by other companies. Safeway stores operate under a variety of names -- including Vons in California and Nevada, Randalls and Tom Thumb in Texas, Genuardi's in Philadelphia, and Carrs in Alaska.
ENTERTAINMENT
January 1, 2012 | By David L. Ulin, Los Angeles Times Book Critic
A Safeway in Arizona What the Gabrielle Giffords Shooting Tells Us About the Grand Canyon State and Life in America Tom Zoellner Viking: 276 pp., $26.95 The best material in Tom Zoellner's "A Safeway in Arizona: What the Gabrielle Giffords Shooting Tells Us About the Grand Canyon State and Life in America" comes at the beginning: a moment-by-moment breakdown of the events of Jan. 8, 2011, when, during a Congress on Your Corner event...
CALIFORNIA | LOCAL
April 27, 2011
Hilario Gonzales Mayor Joined council: 1974 Background: Worked for 45 years at Sunbeam, an industrial lighting manufacturer. William McCormick Joined council: 1974 Background: Worked at Safeway meat processing plant in Vernon; active in Boy Scouts. Daniel Newmire Joined council: 2009 Background: Retired fire captain William Davis Joined council: 1981 Background: Retired Southern California Edison employee; worked as lineman, service planner Richard Maisano Joined council: 2009 Background: Manager of Manhattan Beach carwash.
NEWS
March 15, 1985 | LOUIS SAHAGUN, Times Staff Writer
The first time Safeway supermarket officials called on J. Patrick Liteky, he was a Santa Cruz County supervisor and it was to invite him to say a "few appropriate words" at the opening of a new store in 1973. Liteky went to the ribbon-cutting ceremony and stunned his hosts by refusing to cut the ribbon "in honor of Cesar Chavez and the just cause of the farm workers," who were boycotting the supermarket at the time. A month ago, Safeway called again.
NATIONAL
June 26, 2006 | From Times Wire Reports
A gunman shot six people, killing one, and started several fires at a 1.3-million-square-foot Safeway Inc. distribution center before police killed him, authorities said. "He was just shooting and lighting fires," said Safeway worker Jesus Lopez, who was about 20 feet from the gunman. Police said two of the gunfire victims were in critical condition, two were in serious condition -- including an officer who suffered a leg wound -- and one had been released from the hospital.
BUSINESS
April 14, 2011 | By P.J. Huffstutter, Los Angeles Times
Recalling memories of protracted labor talks that led Southern California grocery workers to the picket lines seven years ago, the United Food and Commercial Workers union is holding a strike authorization vote next week and warning its members to be prepared in case they have to walk off the job. A labor contract that was reached in 2007 expired in March 6. It covered about 62,000 grocery workers in Southern California, including those employed...
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