The climate of the supermarket industry appears ripe for more merger and acquisition activity after Supervalu opened the floodgates. A story about re-shifting among several large retailers garnered the most page views last week. See SN's top five stories below.
1. Stores for Sale? Let’s Make a Deal
It looks like 2013 could be a big year for mergers and acquisitions among strategic buyers and private investors, according to industry observers — due to an easing of credit markets and to the floodgates that will open once Supervalu completes the sale of the former Albertsons banners to a private equity consortium.
2. Bashas' Installs New Top Management
CHANDLER, Ariz. — Bashas' here has named Edward Basha 3rd as chairman, president and chief executive officer.
3. Safeway Highlights Wellness
PLEASANTON, Calif. — Safeway here last week told analysts that its new wellness initiative promises to become a significant piece of its business going forward — although it still has not provided much detail on its exact nature.
4. Gallery: Tops in Spencerport, N.Y.
Tops Friendly Markets’ 38,000-square-foot location in Spencerport, N.Y., took the place of a former IGA that had been vacant for some time. This gallery from 2011 shows the store.
5. A&P to Raise $130M in Property Deals
MONTVALE, N.J. — A&P here said Tuesday that it was under contract for the sale of its real estate interests “in a few non-core store locations.”