Safeway Mulls Acquisitions After Lifestyle Remodelings

Once its lifestyle remodelings are 90% completed, Safeway is likely to begin making acquisitions, Steve Burd, chairman, president and chief executive officer, told shareholders here yesterday at the company's annual meeting.

PLEASANTON, Calif. — Once its lifestyle remodelings are 90% completed, Safeway is likely to begin making acquisitions, Steve Burd, chairman, president and chief executive officer, told shareholders here yesterday at the company's annual meeting. "Although we haven't done anything of scale lately, we see ourselves getting back to acquisitions after the lifestyle stores are complete," he said. The conversion of stores to the lifestyle format is about 50% completed, he said, with the number

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