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Safeway – The Celebrated Food and Drug Retailer in the US
Safeway found its realms in the year 1915 by the efforts of M.B. Skaggs. He purchased a small store from his father in order to provide goods that are of customer’s value, keeping in mind a small profit margin for the same. Today, Safeway is one of those names in the world of supermarkets where Safeway and grocery are used almost synonymously. It is a subsidiary of Albertsons, after a merger that happened in 2015. Safeway is listed on New York Stock Exchange and operates across western, Midwestern and the Mid- Atlantic regions in the USA with over 1326 stores. Its regional supermarkets include The Von Companies, Carrs Safeway and Randall’s Food Markets. The Restaurant operates outside the USA through its online retail business via GroceryWorks.com. Casa Ley, which owns about 206 food stores across Western Mexico has sold about 49% of its business to Safeway. AB Acquisition, which is the Parent company of Safeway merged with Albertson’s in 2015 for a better business prospects.
Safeway continues to drive the vision it first began with. With almost 100 years of continuous success, Safeway became the largest food and drug retailer after being merged with Albertsons in 2015. The company is listed on NYSE with stock price $35.10. Here is a brief info at the stock market history of Safeway in order to understand its market position the better way. In January 2015, the company traded with $35.29. The volume of trade was 987.10 thousand shares. The total revenue of the Company is $8307 million with gross profit of $2174 Million. The Restaurant made a total return of 39.37% and annual return of 4.22%. Safeway currently employs 137,000 staff members with an operating income of $534.5 as of 2015. Safeway had a strong sales growth of 37.45% in Total Segment and has an improved market share of 4.18% in the same segment. In the year 2015, the company had a total segment sale of $73.8 billion. Safeway has total assets of $40,262 million with sales record of $73,785 million as of 2015.
Initially, Safeway was started with 428 Skaggs stores in ten states. It was in 1926 when M. B. Skagg merged himself with 322 Safeway Stores, and was listed under on the New York Stock Exchange (NYSE). The company did phenomenally well after its merge. Today the company operates on a larger scale with over 1,300 stores all over USA. The stores include 266 Safeway Stores in Northern California and Hawaii, Von Stores being 273 across Southern California and Nevada, 107 Randal and Tom Thumb Stores in the city of Texas along with 28 Carrs stores in Alaska. After the 2015 merger, the company became the largest operator of food and drugs with 2,200 stores in across 33 states in Columbia. The main aim of Safeway is to provide consumer products at an affordable price due to which it continues to be a success across nations.
Safeway is believed to be the third largest supermarket in Northern America. The supermarket news awarded the Company with the “Top American Food Retailers in North America”. In order to start up a franchise for Safeway, the initial investment that would be required is $2 million. Safeway collects a one-time franchise fees of $30,000- $45,000. Albertsons charges a royalty fee of 5% on total gross sales every year. The company also charges advertising fees of 3.5% on the total annual revenue. According to the Global Powers of Retailing Report of 2015, Safeway has high enough revenues to operate alongside several other retail giants of America.
Safeway Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming