Advertisement
YOU ARE HERE: LAT HomeCollectionsSafeway Stores Inc
IN THE NEWS

Safeway Stores Inc

FEATURED ARTICLES
CALIFORNIA | LOCAL
February 22, 1987 | From Associated Press
Safeway Stores Inc. has decided to close and sell 24 Southern California supermarkets in a move that could put up to 800 people out of work, union officials said. Bonnie Lewis, a spokeswoman for the Oakland-based chain, confirmed Friday that the stores have been put up for sale and that Safeway hopes to close them before the end of March. Twelve other Safeway supermarkets that are already closed or vacant are also up for sale. The chain has about 200 stores in Southern California.
ARTICLES BY DATE
BUSINESS
October 8, 2008 | From the Associated Press
Higher sales at its gas stations and upscale stores helped boost grocer Safeway Inc.'s profit nearly 3% in its third fiscal quarter. The nation's second-biggest grocery chain said Tuesday that its profit rose to $199.7 million, or 46 cents a share, for the three months ended Sept. 6, from $194.6 million, or 44 cents, a year earlier. The results sent Safeway shares up nearly 5% on Tuesday to close at $22.85, gaining $1.08 for the day.
Advertisement
BUSINESS
December 29, 1987
Arthur L. Patch has been named vice president-merchandising support of Lucky Stores Inc., Dublin. Patch, 46, was formerly with Safeway Stores Inc., where he was manager-corporate grocery division.
BUSINESS
April 25, 2008 | From Times Staff and Wire Reports
Supermarket operator Safeway Inc. reported Thursday that its profit rose 11% in the first quarter amid slowing sales growth, results that were boosted by the Easter holiday, a weak dollar and higher gasoline sales. The company said it earned $193.4 million, or 44 cents a share, for the January-March period, up from $174.4 million, or 39 cents, a year earlier. Revenue rose 7% to $10 billion. Analysts surveyed by Thomson Financial expected a profit of 42 cents a share on revenue of $9.72 billion.
CALIFORNIA | LOCAL
February 2, 1985
Safeway Stores Inc. recalled 1-ounce glass jars of its Crown Colony brand garlic powder and 3/4-ounce jars of Crown Colony onion powder Friday after glass fragments were reported discovered in several jars in Northern California. Chain officials said only a few jars of one lot of garlic powder were found to be contaminated, but all bottles of both powders were being withdrawn as a precautionary measure. Customers were asked to return any of each to any Safeway store for a refund.
BUSINESS
March 28, 1989 | From United Press International
Farmland Foods Inc. has assumed control of a Wichita, Kan., pork processing plant that was previously owned by Safeway Stores Inc. Farmland Foods purchased the plant as part of a continuing effort to concentrate its activities in "more value-added products than in production of raw pork," said Gary Evans, president of the Kansas City-based Farmland Foods.
BUSINESS
July 18, 1985 | LESLIE BERKMAN, Times Staff Writer
Attempting to cater to a consumer preference for jumbo supermarkets, Safeway Stores Inc. said Wednesday that it is closing some of its smaller, less profitable stores in Orange and Los Angeles counties and building larger "super stores." On July 6, one store in Santa Ana and another in Bellflower were closed. This weekend, two other stores, in Huntington Beach and Cerritos, will be shut down. Another, unidentified Orange County store is expected to be closed later this year.
NEWS
March 15, 1988 | OSWALD JOHNSTON, Times Staff Writer
In the largest penalty of its kind, Safeway Stores Inc. announced Monday that it has agreed to pay the Commerce Department $995,000 to settle the department's charges that the company had illegally complied with the Arab boycott against Israel. The settlement stipulated that Safeway had not admitted to any violations of law.
BUSINESS
March 5, 2008 | From Bloomberg News
Shares of Safeway Inc. rose Tuesday after Chief Executive Steve Burd said he might sell or "monetize" part of its Blackhawk Network gift-card unit because it was undervalued. Burd also reiterated the company's 2008 forecast. Shares of Pleasanton, Calif.-based Safeway climbed $1.25, or 4.4%, to $29.70, the biggest gain since Jan. 16. The shares are down 13% this year.
BUSINESS
February 22, 2008 | From Bloomberg News
Safeway Inc. said Thursday that fourth-quarter profit fell 2.2% after a year-earlier tax gain. The supermarket chain also said sales growth in the current quarter slowed, pushing its stock down the most in almost four years. Net income decreased to $301.1 million, or 68 cents a share, while revenue rose 6.8% to $13.4 billion, helped by store renovations, Safeway said. Profit matched the average analyst estimate. A year earlier, a tax gain boosted earnings by 8 cents a share.
BUSINESS
October 12, 2007 | From Times Staff and Wire Reports
Safeway Inc.'s fiscal third-quarter profit climbed 12% to match analysts' projections, the latest payoff from the grocer's recent recipe of cutting labor costs while spending on store improvements to attract more shoppers. The Pleasanton, Calif.-based company earned $194.6 million, or 44 cents a share, during the three months ended Sept. 8. That compared with $173.5 million, or 39 cents, in the year-earlier quarter. Revenue rose a lower-than-expected 4% to $9.78 billion.
BUSINESS
July 20, 2007 | From the Associated Press
Safeway Inc.'s second-quarter profit slipped 11% because of an unusual twist on its income taxes, but the second-largest U.S. grocer remained on a sales upswing that has been propelled by a makeover of its stores. The results released Thursday were overshadowed by concerns that rising food and dairy prices might squeeze Safeway's profit margins for the rest of the year. Those worries contributed to a more than 2% decrease in its stock price. The Pleasanton, Calif.-based company earned $218.
BUSINESS
April 5, 2007 | From the Associated Press
Safeway Inc. rewarded its chief executive with a 2006 pay package valued at $11.5 million for leading the grocer to its highest profit in five years, according to an analysis of a regulatory filing. Steve Burd, Pleasanton, Calif.-based Safeway's CEO for the last 14 years, received $2.64 million in nonequity incentives to supplement a $1.33-million salary and $212,298 in perquisites, according to documents filed with the Securities and Exchange Commission.
BUSINESS
October 13, 2006 | Martin Zimmerman, Times Staff Writer
Safeway Inc.'s effort to lure shoppers from upscale rivals such as Whole Foods Market appears to be paying dividends at the checkout counter. The Pleasanton, Calif.-based parent of the Vons and Pavilions grocery chains said Thursday that fiscal third-quarter profit jumped 42% as it continued to roll out stores based on its so-called lifestyle format, which features high-end meat and produce as well as design flourishes such as subdued lighting and earth-tone color schemes.
NEWS
August 1, 1987 | OSWALD JOHNSTON, Times Staff Writer
The Commerce Department Friday charged Safeway Stores Inc. with more than 400 counts of complying with the Arab boycott against Israel, by far the biggest such case ever brought in the 10-year history of the U.S. anti-boycott law. William V. Skidmore, director of the Commerce Department's Office of Antiboycott Compliance, said that fines in the case could total $3.5 million if all charges are proved before an administrative judge and if maximum penalties are assessed.
BUSINESS
February 27, 2005 | Ronald D. White and Debora Vrana, Times Staff Writers
A year ago this weekend, the California grocery strike and lockout -- the longest labor standoff in U.S. supermarket history -- came to an end. For 4 1/2 half months, 59,000 workers were idled at 852 grocery stores from the Mexico border to Mammoth Lakes. While picketers walked the lines, managers and hastily hired replacement workers struggled to keep the stores open. Loyal customers agonized over where to shop. The dispute was a financial calamity for the grocery chains. Safeway Inc.
BUSINESS
October 4, 2006
Safeway Inc. said it had purchased the 43.8% of online shopping and delivery company GroceryWorks that it did not already own, making GroceryWorks a wholly owned subsidiary. GroceryWorks is Safeway's exclusive provider for online grocery shopping and home delivery. Pleasanton, Calif.-based Safeway did not disclose terms of the deal.
Los Angeles Times Articles
|