NEW YORK -- Safeway is looking to grow sales before profits to let investors know it will remain a viable long-term player, Steve Burd, chairman, president and chief executive officer of the Pleasanton, Calif.-based chain, told an investors conference here last week. Given the choice between pursuing a capital project with a higher return and lower sales or one with higher sales and a lower return, Burd said he would go with the latter project "because we need to grow topline sales to ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.