Thursday, February 28, 2013
Belmont-based financial institution will open branches in Shaw's, Star Markets.
You can add Belmont Savings Bank along with milk, bread and cereal to your next grocery list when you shop in Cambridge and Newton as the Belmont-based will open two new in-store branches in local Shaw's Supermarkets. The announcement made today, Thursday, Feb. 28, comes as the bank continues an impressive increase in size from $500 million to $800 million in assets in the past three years. The bank's expansion comes from growth in revenue from business loans, in net income and expanding gross profit margins. As a result, the bank's stock price – $13.18 as of Feb. 28 – is near its all time high price of $13.39. This week, the bank was one of the top 10 biggest volume gainers on the Nasdaq stock market with half-a-million shares changing …
Friday, February 8, 2013
Shaws, CVS, Starbucks and most convenience stores will be open Friday; when they are closing is another matter.
The long lines of shoppers waiting to pay for groceries at Shaw's Supermarket at 6:15 p.m. Thursday, Feb. 8, rivaled the pre-Thanksgiving Day rush. "This is nor'easter shopping," said one Belmont resident as he picked up another box of cereal to go along with two jugs of milk, referring to the much anticipated blizzard barreling down on New England with an anticipated arrival time of Friday afternoon. The parking lot was filled and a steady stream of customers at the Trapelo Road location appeared to have have a craving for shovels, water, bread and bananas. Displays of those staples flew out the store as customers made the last minute dash for provisions before what one customer said could be "days indoors." But for one of the Shaw's …
Friday, January 11, 2013
Name change could be next up for grocery store in Waverley Square.
Minneapolis, Minnesota-based Supervalu, the parent company of Shaw’s Supermarkets which has a store in Waverley Square off Trapelo Road, sold the New England regional supermarket along with four other grocery chains to an investor group led by private-equity firm Cerberus Capital Management and included a real estate management operation. The price tag for the chains was only $100 million in cash for the stores, but the new group will also assume $3.2 billion in existing debt. In a press release on the deal, there was no word on possible store closings, a change in the store's name or staff reductions. But the Boston Herald reported today, Fridday, Jan. 11, Albertson's will take over all the New England Shaw's and Star Markets. Albertson'…
Friday, November 2, 2012
Sources say 700 jobs are cut across a number of stores in New England.
Shaw's and Star Market are planning to make some cuts to their workforce in New England. The supermarket chains owned by Supervalu, Inc. are cutting 700 positions across 169 stores, according to an AP story on the Huffington Post. This follows a second-quarter loss for the company, which fired its CEO in July. See the full AP story on Huffington Post. About 90 of the employees have been informed of the decision, and a press release picked up on Daily Finance indicates the rest will be notified over the next several days. The company announced that the layoffs do not "impact Shaw's overall commitment to the communities it serves." See the full press release on Daily Finance. At this time, sources do not indicate how these cuts specifically…
Friday, March 23, 2012
Money raised in school, Saturday at Shaw's going to packages to troops in Afghanistan.
Friday, March 23, 2012
The Belmont High School Community Service class has taken on a very big challenge. The group decided together that they would like to design and create a T-shirt that would be sold in the high school as well as around the community to raise money, which would be used make care packages for troops currently in Afghanistan. The students met with a father of a Belmont High School graduate who told them what it was like to be the parent of a child who is overseas, and gave them some insight as to the conditions the soldiers are fighting under. Philip Saidnawey, Belmont High School Class of 2009, and the 200 members of his platoon are deployed in a remote region of Afghanistan, where they don’t have access to things that we take for granted. …
Wednesday, February 8, 2012
Office inside Shaw's Supermarket marks first venture outside Belmont, Watertown.
BSB Bancorp, Inc., the holding company for Belmont Savings Bank, announced Wednesday, Feb. 8, a partnership with Shaw’s Supermarket to open an in-store branch at Shaw’s location at 1070 Lexington St. in Waltham. The target opening of May 1 is scheduled for the new in-store branch. The branch will have five staff members, a business banking officer, two ATMS and a night deposit drop off for businesses. The branch will be open six days per week with extended hours: Monday – Friday, 10 a.m. to 7 p.m., Saturday, 10 a.m. to 5 p.m. The branch marks the Belmont bank’s first expansion in a decade and the bank’s first Waltham branch. During the bank’s conversion from a mutual bank to a stock-ownership holding company this past summer, branch …