July 11, 2006 |
Safeway Inc. was dismissed Monday from an antitrust suit claiming that the company and two of its competitors used a mutual-aid agreement to lessen the effect of the supermarket labor dispute in Southern California that ended more than two years ago. Safeway's Vons unit, which operates some of the Southern California stores that were involved in the 4 1/2 -month dispute, is still a defendant in the lawsuit brought by California Atty. Gen. Bill Lockyer. U.S.
December 15, 2005 |
Vons parent Safeway Inc. said Wednesday that profit might rise as much as 15% next year as the grocery company benefited from remodeled stores. Earnings will probably climb to $1.55 to $1.65 a share, Pleasanton, Calif.-based Safeway said in a statement. The company said comparable-store sales would increase about 3% in 2006, exceeding its forecast gain of as much as 2.8% this year. Safeway, the third-largest U.S.
December 1, 2005 |
A U.S. appeals court ruled Wednesday that a financial mutual-aid pact among the three grocery chains involved in the Southern and Central California labor dispute last year could be challenged on antitrust grounds, a spokesman for state Atty. Gen. Bill Lockyer said. Lockyer filed a lawsuit alleging that the agreement -- under which the chains shared nearly $150 million to help one another during the strike and lockout -- violated U.S. antitrust laws.
October 19, 2005 |
Vons parent Safeway Inc. said Tuesday that third-quarter profit plunged 23% as the costs of shedding higher-paid workers in Northern California and closing 26 Texas stores overshadowed a sales upturn. The Pleasanton, Calif., company said it earned $122.5 million, or 27 cents a share, in the three months ended Sept. 10, compared with $159.2 million, or 35 cents, a year earlier. Revenue rose 7% to $8.95 billion. If not for after-tax charges of $47.
September 15, 2005 |
Safeway Inc. said Dean Ornish, the author of books such as "Eat More, Weigh Less," will help the company develop organic products and expand its ready-to-eat frozen offerings. Ornish will head Safeway's Advisory Council on Health and Nutrition, the Pleasanton, Calif.-based company said. Safeway, with a $100-million ad campaign, its largest ever, is trying to lure upscale customers from supermarkets such as Whole Foods Market Inc. and to keep discounters such as Wal-Mart Stores Inc. at bay.
July 27, 2005 |
Safeway Inc.'s fiscal second-quarter profit fell 14% as the nation's third-largest grocer increased spending on promotion and store remodelings to boost sales. The Pleasanton, Calif.-based company, which owns Vons and Pavilions, has been revamping its stores, offering more prepared foods, branded fresh meat and produce to lure affluent customers away from Whole Foods Market Inc. and to differentiate itself from discounters such as Wal-Mart Stores Inc.
May 26, 2005 |
A federal judge ruled Wednesday that a controversial mutual-aid pact between the three grocery chains involved in Southern California's bitter supermarket labor dispute could be challenged on federal antitrust grounds. The decision was a partial victory for California Atty. Gen. Bill Lockyer, who filed the lawsuit alleging that the agreement -- in which the chains shared nearly $150 million to help one another weather the dispute -- violated U.S. antitrust laws. The chains -- Safeway Inc.
May 4, 2005 |
Safeway Inc.'s first-quarter profit more than tripled, but its shares fell almost 5% as it warned Wall Street of a weaker-than-expected second quarter. The Pleasanton, Calif.-based owner of Vons and Pavilions stores said its net income surged to $131.3 million, or 29 cents a share, for the period ended March 26, up from $43.1 million, or 10 cents, a year earlier when it was struggling with a supermarket strike in Southern California.
April 13, 2005 |
Safeway Inc. Chief Executive Steven Burd's pay package totaled $19.5 million in 2004 -- a tumultuous year marked by a Southern and Central California labor dispute that embittered the grocer's workers and alienated shoppers. Burd generated $17.2 million of the windfall by cashing in 1.15 million of the stock options that he had accumulated since becoming Safeway's CEO in 1993. He also received a $1.14-million base salary and a $1.
February 27, 2005 |
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.