US: Safeway outlines strategies for future growth
Consolidation in the retail industry could pave the way for Safeway to acquire fresh businesses, the retailer's CFO Robert Edwards told analysts yesterday (13 March) at a Bank of America conference.
The group also hopes to drive sales growth through remodelling its stores into a "Lifestyle" format, with the inclusion of bakeries and produce sections. Safeway is looking to react to new consumer trends by introducing new products on offer, Edwards said. The group is increasing its focus on quality and prepared foods, he added.
"There are some key pillars to our growth strategy for our supermarket business. First is continuing to differentiate with our perishable offerings; second, expanding our proprietary products; third, completing the rollout of our Lifestyle stores; and then, fourth, continuing to innovate through the supermarket business," Edwards said.
Edwards revealed that the company expects to introduce an additional 300 "Lifestyle" stores in 2007 through new stores openings and remodelling of old stores.
Companies: Safeway Inc
It is six months since Whole Foods Market first launched its bid to acquire rival natural and organic chain Wild Oats Markets. A court ruling last week seemed to have taken Whole Foods a step closer t...
The US Department of Agriculture (USDA) is coming under pressure regarding action it could take against Aurora Organic Dairy, the Colorado-based dairy group and the largest producer of own-label organ...
ConAgra Foods has bought the privately-owned US natural foods specialist Alexia Foods....
US supermarket giants Safeway, Kroger Co. and Supervalu have a claimed a boost in contract talks with workers in southern California....
US retail giant Safeway has posted rising first-half sales and earnings....
Union leaders have reported a high turnout in the vote held on Sunday by grocery workers on whether to take strike action....
Workers at three major Southern California grocery chains are set to vote on strike action following the collapse yesterday (21 June) of contract talks with management....
UK retailer Morrisons has posted its best sales growth since the Safeway takeover, according to the latest grocery market share data released by TNS Worldpanel....
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- US food next wave on display at Winter Fancy Food
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Suntory to offload Australia, New Zealand foods
- Nestle organic growth slows but beats expectations
- Post: Weetabix "opens up M&A opportunities"