Post Type of: Article

Supervalu to Cut Up to 2,500 Albertsons Employees

The cuts will occur across all 247 Albertsons stores in California and Nevada; Supervalu said that stores in those states have experienced both a reduction in traffic and an overall decline in sales, and it had not adjusted its store-level operations accordingly.

Proposed FTC Order: Graco Must Sell Acquired Biz Units

Amid anti-trust concerns, the company had proposed selling some of the liquid finishing businesses that it recently acquired from Illinois Tools Works, but the Federal Trade Commission is seeking public comment on a proposed order that would require it to divest all of them.

Piper Jaffray Signs $44.5M HQ Lease, Cuts Space

The new, 11.5-year lease is for 123,882 square feet, roughly half of what the company currently leases—but Piper Jaffray is currently subletting 93,000 square feet of space to other companies, so the space that it actually occupies will shrink by 22,880 square feet.