Press release from PR Newswire
Safeway Announces Sale of Three Genuardi's Stores
Monday, February 13, 2012
Safeway Announces Sale of Three Genuardi's Stores10:41 EST Monday, February 13, 2012PLEASANTON, Calif., Feb. 13, 2012 /PRNewswire/ -- Safeway Inc. (NYSE: SWY) announced today it has reached a definitive agreement to sell three of its Genuardi's stores in Pennsylvania to Weis Markets, Inc. Safeway will continue to operate these stores until the transaction closes, and the company is working through an orderly transition for the stores.The transaction is subject to customary closing conditions and the completion of the previously announced sale of 16 Genuardi's stores to Giant Food Stores, LLC. The following stores will be sold to Weis:13 Old Dublin Pike, Doylestown 25 West Germantown Pike, Norristown 200 Ridge Pike, ConshohockenSafeway is working with Weis to facilitate continued employment for as many employees as possible. About Safeway- www.Safeway.comSafeway Inc. is a Fortune 100 company and one of the largest food and drug retailers in North America, based on sales. The company operates 1,681 stores in the United States and western Canada and had annual sales of $41.1 billion in 2010. The company's common stock is traded on the New York Stock Exchange under the symbol SWY. Media Contact: Greg TenEyck, 301-918-7077, Greg.TenEyck@Safeway.comInvestor Contact: Christiane Pelz, 925-467-3832, Christiane.Pelz@Safeway.comSOURCE Safeway Inc.