Three grocers growing

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Safeway is investigating new locations and plans to open 36 stores in 2009, taking advantage of the depressed real estate market. CEO Steve Burd cites "extraordinary opportunities" for aggressive buyers right now.

Similarly, Aldi is expanding in the Dallas-Ft. Worth area. The discount grocer is adding as many as 25 new doors in the next 18 months, spurred on by strong sales as consumers look for bargains.

And Tops Markets is growing by up to 10 stores in upstate New York while investing $150 in capital improvements to existing locations.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on December 16, 2008 2:14 PM.

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