CARLISLE, Pa. — Giant Food Stores here Thursday agreed to purchase 16 Genuardi’s stores from rival Safeway for $106 million, a move that will further grow Giant’s rapidly expanding share of the Philadelphia market and could spell the end of the 92-year-old Genuardi’s banner. Safeway summarily said it intended to exit the Philadelphia market, closing three Genuardi stores not in the deal and looking to sell the remaining eight stores that Giant did not ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.