Supermarket CEOs Tout Industry's Resilience

Consumers may be cautious, but supermarket executives maintained a positive tone albeit one tinged with a degree of uncertainty at investor conferences here last week and in financial forecasts. Both Supervalu and Safeway, whose most recent quarterly reports had led investors to question the resilience of the traditional supermarket in the current economic environment, issued strong defenses

NEW YORK — Consumers may be cautious, but supermarket executives maintained a positive tone — albeit one tinged with a degree of uncertainty — at investor conferences here last week and in financial forecasts.

Both Supervalu and Safeway, whose most recent quarterly reports had led investors to question the resilience of the traditional supermarket in the current economic environment, issued strong defenses of their strategies and outlined their reasons for optimism.

“Do

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