Albertsons
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Albertsons and Ralphs Stores Closure
Southern California is set to see the closure of grocery stores in some of its neighborhoods. Supervalu Inc., which owns Albertsons, will be closing some of its stores by the end of this year. The Southern California Albertsons stores will close 18 supermarkets. One of the stores, on Mesmer and Jefferson, in Culver City already…
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Shaw’s Supermarkets
Shaw’s Supermarkets is a wholly owned subsidiary of Supervalu. The Eden Prairie, Minnesota based Supervalu owns a wide range of banners, and Shaw’s together with its companion store Star Market are among them. Other Supervalu banners include, Albertsons, Farm Fresh, Acme markets, Jewel-Osco, Cub Foods, Shop ‘n’ Save and Save-A-Lot. Ownership Changes George C. Shaw…
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Shaw’s Planning 700 Job Cuts
Supervalu Inc., Shaw’s Supermarkets parent company has announced that it has plans to lay off at least 700 store workers. The chain of supermarkets said that this would help it deploy labor more efficiently and reduce expenses. Shaw’s has said that the layoffs will also assist the grocer to make more investments in customer-facing initiatives,…
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Cerberus-Supervalu Deal Near
According to the Wall Street Journal, Cerberus Capital Management in New York is reported to be close to making an agreement to acquire parts of retailer Supervalu. Under a tentative deal, Cerberus, owner of Albertsons LLC, would put in $500 million to get parts of the Minneapolis-based retailer’s asset portfolio. Cerberus would also acquire shareholding in…
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Associated Food Stores
Supplying about 500 independently owned retail supermarkets, Associated Food Stores is a cooperative of American retailers. Associated Food Stores was founded in 1940 by then Utah Retail Grocers Association President Donald P. Lloyd, along with 34 Utah retailers. He felt that larger corporate stores would have a negative impact on smaller independent retailers and saw…
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Fitch Confirms SuperValu Risky Rating
Fitch Ratings has confirmed the default ratings given for SuperValu as ‘CCC’ even with some divestitures announced last week that seemed to reduce the retailer’s exposure to many competitive pressures. These were counteracted, however, by deteriorating environment and high debt leverage in its businesses. The ‘CCC’ default rating given implies very high risk. Cerberus Capital…
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Major US Grocery Retailers
A comprehensive list of major US Retailers which includes both national and regional grocery outlets. What makes a retailer major is not only the size, but also the impact it has on the industry and its geographic region. This criteria opens the door to smaller yet impactful retailers to enter the list. We are doing our best to complete this list and to follow…