Monday, April 29, 2013
Shoppers will also be able to donate to the fund through an in-store fundraising campaign.
Shaw's and Star Market announced this week it will donate $100,000 to The One Fund Boston, the foundation collecting money to support victims of the April 15 Boston Marathon bombings. In a press release issued this week, the supermarket chain also announced it is launching an in-store fundraising campaign where customers can donate to The One Fund Boston. Shoppers will be able to contribute any amount to the fund during checkout and all proceeds will go directly to The One Fund. In addition, Shaw's and Star Market said it will match all shopper donations up to an additional $100,000, the press release said. “As an organization that has been part of the New England and Boston communities for over 150 years, we understand how this tragedy …
Friday, January 11, 2013
The owner of Shaw's and Star Market is selling stores to Cerberus Capital Management.
Shaw's and Star Market agreed to sell several stores to Cerberus Capital Management as part of $3.3 billion deal, according to a report in the Boston Globe Thursday. Cerberus Capital Management is a private equity firm that also controls Steward Hospital Health Care System. Supervalu Inc. of Minnesota owns Shaw's and Star Market and is expect to sell 169 stores as part of the deal for $100 million in cash, while Cerberus will assume $3.2 billion in existing debt the Globe reports. While the Boston Herald wrote "no immediate changes are planned for the West Bridgewater-based Shaw’s and Star Market grocery chains," the paper reported the deal "prompted speculation that some Shaw’s and Star Markets could return to the block after the deal …
Friday, November 2, 2012
Sources say 700 jobs are cut across a number of stores in New England.
Shaw's and Star Market are planning to make some cuts to their workforce in New England. The supermarket chains owned by Supervalu, Inc. are cutting 700 positions across 169 stores,according to an AP story on the Huffington Post. This follows a second-quarter loss for the company, which fired its CEO in July. See the full AP story on Huffington Post. About 90 of the employees have been informed of the decision, and a press release picked up on Daily Finance indicates the rest will be notified over the next several days. The company announced that the layoffs do not "impact SHAW'S overall commitment to the communities it serves." See the full press release on Daily Finance.
Saturday, July 14, 2012
Shaw's and Star Market could be on the selling block, according to a report in the Boston Herald.
Saturday, July 14, 2012
A sale could in the future for Shaw's Supermarket and Star Market, according to a report in the Boston Herald. The West Bridgewater-based Shaw's and Star Market has been struggling in its attempt to turnaround the company. In effort to change the fortunes of the company, Minneapolis-based Supervalu Inc., said Wednesday it will cut its prices aggressively and eliminate $250 million in expenses in the next two years. The company owns 4,400 stores across the country with $35 billion in annual sales. "These are bold but necessary moves which will position Supervalu for success in this increasingly competitive environment," CEO Craig Herkert said in a statement. "While our shift to a fair price plus promotion strategy is right for our business…