Safeway, Pleasanton, Calif., believes the payoffs of business-to-business exchanges could be "less than two years down the road," Steve Burd, chairman, president and chief executive officer, told the Credit Suisse First Boston Food & Drug Retailing Conference in New York. Speaking of Safeway's membership in the World Wide Retail Exchange, Burd said, "It was founded with the notion of being a not-for-profit venture. We've had an auction capability in place for several months, and we're ...

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