Jewel parent buys Safeway, Jewel buys more Dominick’s, Staples closing stores

jewel9.jpgdominickslogostaples

Let’s just lump all our dizzifying news announcements today, mm-kay?

Jewel buying more Dominick’s

Jewel has a new president and is buying five more former Dominick’s stores. Locations:

  • 763 Howard Street in Chicago
  • 424 W. Division in Chicago
  • 3243 S. 115th St in Merrionette Park
  • 800 NW Highway in Fox River Grove
  • 345 S. Rand Road in Lake Zurich.

Jewel parent company is buying Safeway (who just closed Dominick’s)

Jewel Owner to Buy Dominick’s Parent for $9B.

Safeway says it has agreed to be acquired by an investment group led by Cerebus Capital Management, the owner of Albertsons and several other supermarket chains.

Investment Firm Cerberus to Buy Safeway for $9 Billion.

Under terms of the long-rumored deal, Safeway will merge its brands with Albertsons. The Idaho-based grocer, the naton’s fifth-largest, is controlled by Cerberus, which operates more than 1,100 stores under the Albertsons, Acme, Jewel-Osco and Shaw’s brands.

Wait, so they closed our Dominick’s and now Jewel is merging with Safeway? I’m so confused… lol.

Staples will be closing up to 225 stores by 2015

Staples Closing 225 Stores, Strengthening Online Focus.

Staples said Thursday it will close 225 stores in North America by the end of 2015 amid falling fourth-quarter revenue as sales increasingly shift online.

Keep stocking up on that free after rebate paper while you can!

Did I miss anything?

Or is that enough news for today. :)

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Comments

  1. julie says

    You can also get the 5 ream Staples brand copy paper for $4.99 after rebate. I just did both together yesterday.

  2. cassie says

    They probably had to close the Dominick’s stores in order for the deal to to buy Safeway to go through. The FTC wouldn’t allow one company to have a monopoly in Chicago owning both large grocery chains.

    It happened previously when Cub was bought by Cerberus and Jewel was bought by Supervalu (Cub’s previous owner). Cub and Jewel couldn’t have the same parent company so Supervalu sold off Cub and closed them. Cub was a lot smaller but the FTC would have considered it a monopoly for Supervalu to own both.

  3. Patty says

    Lake Zurich already has a Jewel store. I imagine they’ll vacate that one and move into the refurbished “old Dominick’s” building.

    • says

      That is what I was thinking too about the Lake Zurich one, the Jewel is not as good of a spot as the old Dominicks building. The new Mariano’s is really off the beaten path. Curious to see what happens. Really want something to happen in the old Domincks building in Wauconda!

  4. Kimberly says

    It’s a shame because Dominick’s had better deals than Jewel. Wonder if they will carry any Safeway brands (I really miss the Eating Right cardboard cups of soup where you just add hot water- I’ve been trying to find them since Dominick’s went out of business). It does seem strange for Jewel to buy the old Dominick’s right across the street from a Jewel. I agree Soapbox Tray- that old Dom building in Wauconda has been empty way too long (as has the old Kmart in LZ).

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