PLEASANTON, Calif.. -- The 18-week-old strike against Safeway in Southern California cost the chain $103 million during its first 84 days, or 35% of the company's total loss, Steve Burd, chairman, president and chief executive officer, told financial analysts last week -- an expense he said he believes is in the best interests of shareholders and employees in the long run. "I'm absolutely comfortable this is the right thing to do for the business and the best way to protect existing ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.