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Safeway says it will cut costs, prices in '09
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Posted on
Dec 05 2008 4:45 AM
by
adeal
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Safeway Inc. told investors Thursday that it will aggressively cut costs, lower prices and focus on improving its financial position in 2009. "We are a very strong player in a very weak economy, and we think that creates a very strong opportunity to take (market share)," Steve Burd, the national grocery chain's chairman and chief executive officer, said during the company's annual investor meeting Thursday.
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