Safeway Seen Gaining From Market Exits

Safeway Seen Gaining From Market Exits

“Safeway is healthy in Northern California, but the farther out you go from there, the less healthy its assets are." — Neil Stern, senior partner, McMillanDoolittle

PLEASANTON, Calif. — Safeway’s decision to sell its Dominick’s division in Chicago is apparently one more step in a concerted turnaround strategy to gain more financial traction, industry observers told SN last week — with the possibility of more asset sales to come.

With the divestiture of

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