Safeway plans new shopping village in Hawaii
KAUAI, Hawaii Safeway is currently planning to establish a new shopping village here, to be anchored by the grocer’s new lifestyle store, according to a report published in Pacific Business News.
According to the report, the project’s planner is Kimi Mikami Yuen of PBR Hawaii, a LEED-accredited professional with the U.S. Green Building Council’s Leadership in Energy and Environmental Design program.
CB Richard Ellis is handling the leasing for the project.
The new Safeway store will be the company’s second on Kauai after the Kapaa store. Safeway has a total of 19 stores in Hawaii.
P&G test markets Swash for those who avoid doing laundry
CINCINNATI Procter & Gamble has developed a new laundry detergent line, dubbed Swash, that targets those consumers who often re-wear their clothing.
The new lineup includes:
- Smooth it Out to eliminate odors and static.
- Steam it Out, which is a moistened cloth to toss in the dryer with the clothes to remove odors and wrinkles.
- Fresh it Up to remove odors and freshen clothing.
- Get it Out, which is a stain-erasing pen.
P&G is testing the line in Lexington, Ky. According to a Web site promoting the new line, Swash is being sold at such retailers as CVS, Walgreens, Kroger, Wal-Mart and Target.
Longs to settle CVS-related suits
WALNUT CREEK, Calif. Longs Drug Stores announced on Wednesday that it has agreed to settle class action lawsuits related to the pending acquisition by CVS Caremark.
Under the terms of the proposed settlement, Longs has agreed to provide additional disclosures in its solicitation/recommendation statement. Finalization of the proposed settlement remains subject to several conditions, including court approval.
As previously reported, the regulatory waiting period under the Hart-Scott-Rodino Antitrust Improvement Act has expired, satisfying a condition to the closing of the deal. The waiting period expired Sept. 5.
Under the planned acquisition, CVS Caremark will buy for $2.9 billion, including debt, Longs Drug Stores’ 521 retail locations in California, Hawaii, Nevada and Arizona, as well as its PBM services.
Longs owns the real estate associated with approximately 200 store locations, three distribution centers and three office facilities. CVS Caremark has “conservatively” valued the store locations alone at more than $1 billion.