NEW YORK — The end of the recession could occur within one or two quarters, but there is no evidence yet of consumers trading back up to more discretionary purchases, Steve Burd, chairman, president and chief executive officer of Pleasanton, Calif.-based Safeway, said at an investors’ conference here yesterday. “The process of trading down took several quarters to be complete across all categories, and it is now so pervasive that it’s hard to believe there is much room to trade down further ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.