On the money: Safeway upbeat on profits despite margin hit

By: Katy Askew | 30 April 2010

US supermarket group Safeway Inc has predicted that it will be able to pass higher costs along to consumers through price hikes, despite revealing yesterday (29 April) that food deflation had dented its first-quarter margins.

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US supermarket group Safeway Inc has predicted that it will be able to pass higher costs along to consumers through price hikes, despite revealing yesterday (29 April) that food deflation had dented its first-quarter margins.

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