Steven Burd, CEO of Safeway, said consumers are slowly returning to more expensive wines and coffee drinks, a sign that economic recovery is under way. Sales at stores open at least a year were down 3%, largely because of the economy and deflation in dairy, produce and meat, he said.
Steve Burd, chairman and CEO of Safeway, is calling again for market-based health care reform. Initiatives that encourage employees to adopt healthier lifestyles have helped lower Safeway's health care costs, Burd said.
Tom Thumb, Minyard, Kroger and Albertsons are adapting their strategies to better compete with Wal-Mart in the Dallas-Fort Worth region. Albertsons is remodeling stores, Minyard is focusing on the Hispanic-focused Carnival banner and Tom Thumb is adding more organic, natural foods to its Lifestyles store format.
Steven Burd, Safeway's chairman, president and CEO, earned $2.29 million in 2004, including a base salary of $1.14 million and bonuses totaling about $1.15 million, according to an SEC filing. The Los Angeles Times reported Burd also exercised stock options worth $17.2 million in 2004.