SAFEWAY CEO: WE'RE IN ACQUISITION MODE

RENO, Nev. -- Industry consolidation will continue to accelerate, and Safeway intends to be right in the thick of things, Steve Burd, the chain's chairman, president and chief executive officer, told the California Grocers Association convention here last week. Addressing the convention as its keynote speaker, Burd said U.S. supermarketing is still extremely fragmented, with the Top 5 supermarkets

RENO, Nev. -- Industry consolidation will continue to accelerate, and Safeway intends to be right in the thick of things, Steve Burd, the chain's chairman, president and chief executive officer, told the California Grocers Association convention here last week. Addressing the convention as its keynote speaker, Burd said U.S. supermarketing is still extremely fragmented, with the Top 5 supermarkets accounting for only 24% of food-store sales in 1997, compared with 19% in 1992 -- a rise of five

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