During its fourth-quarter financial earnings call on Wednesday, officials for grocery store chain Safeway announced the company was in discussions regarding a possible sale.
What’s more, Safeway is dumping its gift card business, Blackhawk Network Holdings, by distributing the remaining 37.8 million shares it owns of Blackhawk to Safeway shareholders following a Blackhawk IPO last year. Safeway may also sell its stake in Casa Ley SA, one of the largest retailers in Mexico.
Safeway reported 2013 sales of $36.1 billion, which were....