PLEASANTON, Calif. — Safeway stock fell last week after the company disclosed a decline in net income for the second quarter — although the company attributed the stock decline in part to an extension of negative investor sentiment about rival Supervalu. “It’s always difficult to predict the market reaction,” Steve Burd, chairman and chief executive officer, said. “But I think when somebody else [in the industry] struggles, people say, ‘I guess ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.