date:Oct 11, 2013
Safeway Inc said on this Thursday that it plans to leave the Chicago market by early next year as it continues to narrow its focus and posted a sharply lower profit for the third quarter.
The shares of Safeway, the second-largest U.S. mainstream grocery store operator, rose to $33.35 after hours after closing at $31.57 on the New York Stock Exchange.
Chicago is a competitive market for food stores. Newer entrants such as Roundy Inc's Mariano's chain, which features piano players in its stores,