NEW YORK — Safeway will scale back on promotional pricing in favor of more “everyday value,” the company said at an investor conference here last week. The retailer was one of several that gave updates at the Bank of America Consumer Conference on their evolving business strategies. “Over the next two years we will be less promotional and provide better everyday value, which is what our cost reduction and process improvement programs are designed to accomplish,” said Steve Burd, chairman, ...

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