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Week of Mon, Mar 3rd, 2014

Safeway, Albertsons agree to merge

Safeway Inc. has agreed to be acquired by AB Acquisition LLC, parent of the Albertsons supermarket chain and an affiliate of Cerberus Capital Management LP, in a deal valued at more than $9 billion.

Profits fall at Costco, Kroger

Costco Wholesale Corp. and Kroger Co. each reported profit declines in their most recent fiscal quarters. But while Costco's results missed analysts' forecasts, Kroger's beat expectations.

Target chief information officer resigns

Target Corp. chief information officer Beth Jacob resigned on Wednesday.

Ahold USA appoints Giant/Martin's president

Former Save-A-Lot executive Tom Lenkevich has joined Ahold USA's Giant/Martin's division as president.

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