Safeway is one of the nation's largest grocery and drug retailers in the nation operating under Safeway and other brand names including Vons, Pavilions, Carrs, Genuardis, Dominick's, Randalls, Tom Thumb and Pak n Save Foods.
In March, Safeway announced it would be acquired by the Albertson's chain for $40 per share or $9.6 billion. Albertson's is owned primarily be Cerberus Capital Management. The Merger will create a diversified supermarket network that includes over 2,400 stores, 27 distribution facilities and 20 manufacturing plants with over 250,000 employees. No store closures are expected as a result of this transaction.
As of December 28, 2013, Safeway operated 1,332 stores in the Western, Southwestern, Rocky Mountain, and Mid-Atlantic regions of the United States. Safeway holds a 49% interest in Casa Ley, S.A. de C.V., a food and general merchandise retailer with 200 stores in western Mexico.
Safeway has an extensive private-label program of goods that are available throughout its stores. Customers can choose from more than 2,500 products including Safeway, Lucerne and Mrs. Wright's. An additional 1,250 premium products are marketed under the Safeway SELECT label.
The average store size is 47,000 square feet.
In 2013, Safeway reported total revenues of $37.6 billion, roughly the same as the previous year, and net income of $3.5 billion.
In November 2013, Safeway completed the sale of its Canadian operations for C$5.8 billion.
In 1915, M.B. Skaggs, an ambitious young man in the small Idaho town of American Falls, purchased a grocery store from his father. M.B.'s business strategy, to give his customers value and to expand by keeping a narrow profit margin, proved spectacularly successful. By 1926 he was operating 428 Skaggs stores in 10 states. M.B. almost doubled the size of his business that year when he merged his company with 322 Safeway (formerly Selig) stores. Two years later MB listed Safeway on the New York Stock Exchange.
- A choice of Medical Plans
- Prescription Drugs
- Vision Care
- Dental and Orthodontia
- Employee Assistance Program
- Health Care and Dependent Day Care Spending Accounts
- Paid time off for vacation, sick leave and company recognized holidays
- Company-paid Basic Life Insurance
- Optional life insurance to cover your spouse, children or additional life insurance for yourself
- Short-term and Long-term disability
- Company-paid business travel accident insurance
- Company-funded Retirement Plan
- 401(k) Plan
- Employee Stock Purchase Plan
Updated May 19, 2014