Sobeys to make cuts after Safeway deal

STELLARTON, N.S.  — Sobeys will close underperforming stores and lay off redundant employees after acquiring Safeway’s Canadian division, Reuters reports. In the wake of the $5.8 billion deal, the company “identified a number of underperforming stores,” a spokesperson told the Globe & Mail, which puts the expected number of closures at between 50 and 60, citing industry sources.