Safeway ‘Optimistic’ Long-Range About New Formats

Given the broad geography of its stores across the U.S. and Canada, Safeway is "optimistic" about prospects for developing new formats once it has completed upgrading its store base to the lifestyle format over the next two years, Robert Edwards, executive vice president and chief financial officer, said yesterday.

NEW YORK — Given the broad geography of its stores across the U.S. and Canada, Safeway is "optimistic" about prospects for developing new formats once it has completed upgrading its store base to the lifestyle format over the next two years, Robert Edwards, executive vice president and chief financial officer, said here yesterday. In other remarks at the annual Morgan Stanley Global Consumer & Retail Conference, Edwards echoed remarks by other Safeway executives that the company might con

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