Safeway Outlines 3 New Growth Vehicles

Safeway said yesterday it plans to introduce three new growth vehicles to drive 2008 earnings: experimenting with a new store format, monetizing two of its proprietary product lines and leveraging its health care knowledge in a new initiative.

PLEASANTON, Calif. — Safeway here said yesterday it plans to introduce three new growth vehicles to drive 2008 earnings: experimenting with a new store format, monetizing two of its proprietary product lines and leveraging its health care knowledge in a new initiative. Speaking at an investors conference, Steve Burd, chairman, president and chief executive officer, did not specify what the new format would be but said it will be “an experiment, not a launch.” Published reports earlier this we

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