PLEASANTON, Calif. — Safeway may be exploring the sale of its stores in Canada, according to a report in the Financial Times newspaper. The report cited anonymous sources suggesting the retailer here felt it was not getting credit on Wall Street for its Canadian operation, which operated 222 stores, 12 manufacturing plants and four distribution centers, and generated around $5.5 billion in sales and $229 million in profits in the 2006 fiscal year. The same report cited sources saying that ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.