Market News
29May2006 |
Safeway to convert all North American outlets to \'lifestyle\' formatAttributing its strong sales and earnings growth largely to the rollout of its \'lifestyle\' stores, Safeway Inc. says it now plans to convert all of its 1,772 Canadian and U.S. outlets to the lifestyle format by the close of fiscal 2009. Safeway Inc. CEO Steve Burd made the announcement at the company\'s recent annual shareholder\'s meeting, where he said the new format stores-with expanded product categories and more upscale design - typically have sales 23% higher than other remodeled Safeway outlets. Source: CFIG Electronic Broadcast - Canadian Grocer May 29,2006. 
|