McCaffrey’s Buying A Genuardi’s Store
It was initially one of 16 stores the Giant chain bought from Safeway, the company that owned Genuardi’s for a few years. But then the Federal Trade Commission stepped in and said opening a Giant in a shopping center adjacent to one that had an Acme would leave Newtown with too little competition, so lawyers for the FTC, Giant and little McCaffrey’s worked out a deal.
The company will take possession of the Newtown store on July 6, close it for a week and re-open under the McCaffrey’s name. Safeway has still not decided what to do with two Montgomery County stores, the Genuardi’s Supermarket in Audubon and the Genuardi’s Pharmacy in North Wales.