Safeway announced yesterday that it has reached a definitive agreement to sell three of its Genuardi's stores in Pennsylvania - in Doylestown, Norristown, and Conshohocken - to Weis Markets.
Terms of the deal were not disclosed.
According to the announcement, “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.”
Terms of the deal were not disclosed.
According to the announcement, “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.”
- KC's View:
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It makes sense for Safeway to focus its efforts on places where it is stronger, and it makes sense for Weis to build its fleet in a way that strengthen its regional hand.
This is when I start feeling old, because I start getting nostalgic for a time when Genuardi’s was one of the more progressive independent-minded retailers out there.
