SAFEWAY STRIKE EFFECTS HEAL FAST, RESULTS UP

PLEASANTON, Calif. -- Safeway here last week said its Denver and British Columbia divisions recovered more quickly than expected from store shutdowns in labor disputes, resulting in strong third-quarter sales and earnings.The chain also disclosed plans to spend about $700 million on capital expenditures in 1997, including 35 new stores and 150 remodels. This year, the company said it expects to spend

PLEASANTON, Calif. -- Safeway here last week said its Denver and British Columbia divisions recovered more quickly than expected from store shutdowns in labor disputes, resulting in strong third-quarter sales and earnings.

The chain also disclosed plans to spend about $700 million on capital expenditures in 1997, including 35 new stores and 150 remodels. This year, the company said it expects to spend about $600 million to open 30 to 35 new stores and complete more than 125 remodels.

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