Safeway on Tuesday afternoon announced that Canada's Competition Bureau has entered into a consent agreement with Sobeys, allowing the parties to proceed with their transaction whereby Sobeys will acquire the net assets of Canada Safeway.
Safeway on Thursday evening may have posted what analysts have described as disappointing earnings, but that's not stopping Wall Street from recognizing the value Safeway is unlocking with its exit from a pair of markets — Chicago and Canada.
Safeway has announced that it was awarded the Secretary of Defense Employer Support Freedom Award, the nation's highest honor given to employers for support of the National Guard and Reserve, at a special ceremony on Sept. 26 in Washington, D.C. Safeway was one of 15 employers to receive the Freedom Award.
Safeway and The Safeway Foundation are teaming up with The Muscular Dystrophy Association for an annual fundraising campaign to support individuals and families affected by muscle disease, the supermarket retailer announced Wednesday.
Incoming president and CEO Robert Edwards had a busy first-quarter at Safeway — the company last month agreed to sell its Canadian operations to Sobeys and Safeway initiated an IPO for its Blackhawk prepaid card business.
Safeway announced that it has entered into an agreement to sell its Canadian operations through a sale of the net assets of Canada Safeway Limited to Sobeys, a Canadian food retailer and wholly-owned subsidiary of Empire Company Limited, for $5.7 billion in cash plus the assumption of certain liabilities.
Safeway and the Safeway Foundation on Friday announced they raised and donated more than $10.8 million in April for Easter Seals, Special Olympics and a range of other charities that support people with disabilities.
Safeway announced that Robert Edwards, currently the company's president, will succeed Steven Burd as CEO when Burd retires as chairman and CEO on May 14. Edwards, 57, will also join the company's board of directors.
Safeway shares dropped dramatically Thursday morning as the company reported $10 billion in sales for its first quarter 2013 ended March 23, which is essentially flat as compared with the first quarter of 2012.