Wednesday, September 26th 2018

SWY - Safeway

Safeway (NYSE: SWY) Inc. has grown from its humble beginnings in American Falls, Idaho, in 1915, to become one of the largest retail companies in America, and the third-largest supermarket. The company was incorporated in July 1986.

Founder M.B. Skaggs opened the first store with space covering about 575 square feet, and now operates approximately 1,730 stores in North America.

While Safeway has been relatively quiet with acquisitions recently, there were very active in last several years of the 1990s and early part of 2000s. From 1997 to 2001 they acquired the Vons Companies, Inc., Dominick's Supermarkets, Inc., Carr-Gottstein Foods Co., Randall's Food Markets, Inc. and in 2001 Genuardi's Family Markets, Inc.

The company has also started to have a presence in Mexico, holding a 49 percent stake in Casa Ley, S.A. de C.V., supermarkets serving the western Mexico region.

Pleasanton, California is where the company is headquartered.

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