Report: Centrella cooperative considering purchase of 10 Dominick’s stores
CHICAGO — The purchase of as many as 10 Dominick’s stores may be under consideration by independent grocery chains affiliated with the Centrella cooperative, Crain’s Chicago Business reported Thursday, citing sources close to the deal.
Safeway announced in October its intended exit from the Chicago market altogether, where it at one time operated 72 Dominick’s stores, by early 2014. Now approximately 55 remain.
Four stores were sold to New Albertsons in October. In early December, Safeway announced it had reached a definitive agreement to sell 11 of its Dominick’s stores in the Chicago metropolitan area in a cash and lease assumption transaction to Roundy’s. Roundy’s will take possession of the stores during a transition period that will take place over the next two months. And at least two Dominick’s stores have expiring leases, according to the Crain report.
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Marijuana, if legal, should be sold at pharmacies, more than two-thirds of Americans say
NEW YORK — While more than half of Americans don’t agree with legalizing the sale and possession of small amounts of marijuana for recreational use, most also say that if legal, it should be sold at pharmacies, according to a new survey.
The survey, conducted for financial media company TheStreet by GfK, found that 53% of Americans oppose legalization, while 69% say that assuming it’s legal, it should be sold at pharmacies. Meanwhile, 60% say it should be sold at specialty stores. Minorities of respondents — 39%, 17% and 13% — say it should be sold in liquor stores, coffee shops and supermarkets, respectively. Broken down by sex, 73% of men would approve of marijuana sales at pharmacies, compared with 62% of women. The survey included 1,011 interviews.
While marijuana remains illegal at the federal level, its use for medical reasons has been legalized in several states, and its recreational use was legalized in Washington and Colorado last year in voter initiatives; those laws are set to take effect on Jan. 1.
Meanwhile, legislation that would allow medical marijuana sales at pharmacies in Michigan has passed both houses of the state’s legislature and is now awaiting Republican Gov. Rick Snyder’s signature.
"We are just starting to see what our country with legalized marijuana will look like, so it’s no surprise that opinions are widely varied when it comes to its sale and distribution," TheStreet analyst Debra Borchardt said. "TheStreet’s survey gauged people’s comfort with hypothetical situations — pot in a supermarket, people under 18 [years] being able to purchase it — and the results showed some big differences between men and women, which surprised us."
A large majority, 80%, support marijuana being regulated as alcohol, while 50% say sales should be limited to people ages 21 years and older. Twenty percent support 18 years as a minimum age to buy marijuana, while 15% say the minimum age should be 30 years, and 7% say there should be no age limit.
This goes against everything most pharmacists stand for... we might as well put tobacco, alcohol and heroin back into pharmacies for monitored dispensing and collection of tax revenues.
Sears Holdings appoints Cesar Alvarez to board of directors
HOFFMAN ESTATES, Ill. — Sears Holdings has elected law firm executive Cesar Alvarez to its board of directors, the company, which owns the Sears and Kmart chains, announced.
Alvarez is co-chairman of the international law firm Greenburg Traurig, which he joined in 1973. Before his appointment as chairman, he served as executive chairman for more than three years and as its CEO for 13 years, starting in 1997.
"I am delighted that Cesar is joining our board," Sears Holdings chairman and CEO Eddie Lampert said. "His expertise in advising large organizations, working on complex matters and diverse corporate board experience make him ideally suited to join our board as we continue our transformation to a member-centic company through integrated retail and Shop Your Way."
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