Safeway nameplate on a store is more of a liability in many regions
Such as here in northern Virginia where Safeway units way underperform other food retailers. The ALDI - Trader Joes owners are among those looking to acquire Safeway leases. Commercial real estate owners are looking to release to new owners because rents include a percentage portion of sales, where Swy has been a laggard for years.
Because Blackhawk Marketing was severed from Safeway's balance sheet when Blackhawk shares were distributed to shareholders. The sale of Safeway is for $32 per share and I would expect it to trade at that price after Safeway's 49% share of the Mexico supermarket is eventually liquidated.
What I wonder is, how many vice-presidents will be jettisoned after the 4th quarte,r when the sale is done!