Heinz and Safeway cautiously raise prices

02/25/2010 | Wall Street Journal, The

Safeway Chairman and CEO Steve Burd said the chain is ending its cost-cutting campaign in anticipation of "moderate inflation" this year. Meanwhile, Heinz raised prices 1.8%, but the chief financial officer said a "tough environment" remains, and the company will use discounts and promotions to keep consumers from switching to less expensive brands.

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