Profits Drop, But New Pricing Effective: Safeway

Safeway said yesterday that, despite lower overall financial results, it is seeing "dramatic improvements" in sales among consumers who are not regular high-volume shoppers in three of the four U.S. markets in which it has launched its lower-price campaigns.

PLEASANTON, Calif. — Safeway here said yesterday that, despite lower overall financial results, it is seeing "dramatic improvements" in sales among consumers who are not regular high-volume shoppers in three of the four U.S. markets in which it has launched its lower-price campaigns.

The four markets are Northern California, Southern California, Chicago and the Eastern division. The company did not say which of the four had seen less dramatic improvements.

The chain rep

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