BURD SEES SAFEWAY'S COSTS DECLINING IN NEXT FEW YEARS

BOSTON -- Safeway's top executive expects the company to return to an era of declining operating and administrative expenses during the next few years, he told an investor conference here last week."Safeway has a long history of reducing costs," said Steve Burd, chairman, president and chief executive officer of the Pleasanton, Calif.-based company, noting that Safeway had 31 consecutive quarters

BOSTON -- Safeway's top executive expects the company to return to an era of declining operating and administrative expenses during the next few years, he told an investor conference here last week.

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