Safeway sale would transform supermarket industry

in 2014, Newsmakers, Samina Karim, School of Management
March 5th, 2014

KarimSaminaInside Bay Area Group
Samina Karim, School of Management

The days of the conventional supermarket are numbered. Safeway’s announcement last month that it was in talks to sell itself is the latest sign from the troubled grocery industry that supermarkets have fallen out of style. A sale of the nation’s second-largest grocery chain, with a stronghold in the Bay Area, would reshape the industry, close stores across California and the Southwest, and transform Safeway into a neighborhood grocer that more closely resembles Trader Joe’s, according to analysts and industry watchers…

Expert quote:

“Cerberus would be the dominant grocery holder in California. They are judging which locations make the most sense to hold onto.”

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