SAFEWAY SEATTLE UNCORKS REDUCTION IN WINE MARGINS

SEATTLE -- Safeway's Seattle division here has reduced its wine margins by 5% to a 25% markup, putting Safeway on par with Albertson's and several leading independent wine shops.Local observers told SN the move last month is an attempt to recoup sales and market share lost in recent years as Safeway slashed scores of slow-moving wine stockkeeping units from its inventories in an effort to make the

SEATTLE -- Safeway's Seattle division here has reduced its wine margins by 5% to a 25% markup, putting Safeway on par with Albertson's and several leading independent wine shops.

Local observers told SN the move last month is an attempt to recoup sales and market share lost in recent years as Safeway slashed scores of slow-moving wine stockkeeping units from its inventories in an effort to make the department more profitable.

"It seems to me that Safeway's taking a 5% decrease

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