No. 3 U.S. Grocer Reports Drop In Sales

Safeway yesterday reported second-quarter earnings were on target with a reduced forecast, which was triggered by a sluggish economy and tough competition. The 1.1% dip in "identical-store sales" is the first sales decline in more than nine years, reports say.

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Staff Assistant, Food Trucks/Commissary Manager
University of Massachusetts Amherst
Amherst, MA