NEW YORK — In a presentation at the Bear Stearns Retail, Restaurant & Consumer Conference here last week, Safeway's top executive defended the company's fourth-quarter results, released late last month, blaming “the popular press” and the Internet for “confusion” that resulted in a 7% drop in the chain's stock price the day the numbers were disclosed. Steve Burd, chairman, president and chief executive officer, Safeway, said the cost-reduction program Safeway instituted early in the ...
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.