PLEASANTON, Calif. — Safeway here said yesterday it is in the midst of a "very aggressive" year-long cost-reduction effort that's expected to provide additional pricing flexibility and help the company achieve its earnings targets, even if demand softens further. The company's stock slid nearly 7% yesterday after a fourth-quarter earnings report in which profits declined and Steve Burd, chairman, president and chief executive officer, said consumer demand was weakening. The cost-cutting ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Salary Survey 2015

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.

Click here to read the FAQ page if you have any questions (opens in a new window)

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.

Already registered? here.