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 ...
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