CEO: SAFEWAY PLANS TO STAY THE COURSE

SAN RAMON, Calif. -- This year, Safeway plans to stay locked-in on the same priorities -- slicing costs, boosting sales and improving capital management -- of the past three years, Steven A. Burd, president and chief executive officer, said at the chain's annual meeting here last week. "We must not get distracted," Burd declared.Oakland, Calif.-based Safeway has cut operating and administrative costs

SAN RAMON, Calif. -- This year, Safeway plans to stay locked-in on the same priorities -- slicing costs, boosting sales and improving capital management -- of the past three years, Steven A. Burd, president and chief executive officer, said at the chain's annual meeting here last week. "We must not get distracted," Burd declared.

Oakland, Calif.-based Safeway has cut operating and administrative costs for 12 consecutive quarters, while no other chain it competes with has reduced costs

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