Search results
Results From The WOW.Com Content Network
The point of the Safeway name was that the grocery operated exclusively on a cash-and-carry basis – it did not offer credit to customers, as American grocers traditionally had done. [8] It was the "safe way" to buy food because a family could not get into debt via its grocery bill (as many families did at the time, a contributing cause of the ...
Safeway later acquired Pay and Take It Stores from Loronzo L. Skaggs in 1928. [4] Safeway is considered the main successor to Skaggs, and despite the Skaggs Companies later being bought by Albertsons, Safeway was also acquired by Albertsons, thus bringing the Skaggs history full-circle.
Skaggs was an advocate of the cash-and-carry system for grocery stores. His father, S.M. Skaggs, was a Baptist minister, and he was convinced that the prevailing system of credit increased prices since grocers and storekeepers had to wait to get paid and made the customers overly dependent on those grocers and storekeepers.
On Oct. 10, Safeway announced its third-quarter results. Along with the results, the grocery store chain revealed a series of cash-generating initiatives. Included in these initiatives were ...
Sep. 8—The nation's two largest grocery store chains announced a $1.9 billion divestiture plan on Friday that includes the sale of 14 Albertsons-owned stores in Alaska to a New Hampshire-based ...
Safeway (SWY) -- North America's second-largest supermarket chain, after Kroger (KR) -- has already gotten into hot water for ripping off customers: The state of California, which has the highest ...
Grocer Safeway (NYS: SWY) reported higher second-quarter earnings that beat Street estimates. However, its shares plunged by more than 9% on the day of the report as it forecasted low same-store ...
Safeway retained the Randalls name in Houston and Austin and the Tom Thumb name in Dallas/Fort Worth but replaced many of the Tom Thumb/Randalls "Remarkable" and President's Choice store brands with Safeway private label items. Randalls Food Markets became Safeway's Texas division, which today is legally known as Randalls Food & Drugs.