Safeway Sales Dip, but Eyes Recovery in 2010

Safeway experienced its first negative identical-store sales results in 18 quarters during the second quarter, but said last week it believes it is well positioned to come out of the recession in good shape. Industry analysts contacted by SN said they were somewhat skeptical about Burd's optimistic timetable. IDs, excluding fuel, declined 2.2% after excluding the shift of Easter

PLEASANTON, Calif. — Safeway here experienced its first negative identical-store sales results in 18 quarters during the second quarter, but said last week it believes it is well positioned to come out of the recession in good shape.

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