date:Oct 11, 2013
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Safeway bought Dominick's in 1998 for about $1.2 billion plus debt. The chain had 116 stores and $2.6 billion in sales back then, when Safeway lauded Dominick's enviable reputation as a leading retailer in the Chicago region. Safeway now has 72 Dominick's stores in the market, which incurred losses before income taxes of 3 cents per share during the latest quarter.
Safeway has seen significant interest since it started to market Dominick's assets and plans to sell all or as many of the stor