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Safeway's earnings prospects grim
Posted on 10/17/2003 3:11:22 PM PDT by ambrose
Edited on 04/13/2004 2:44:26 AM PDT by Jim Robinson.
Fending off competition from discount chains while watching third- quarter profits drop by 28 percent, Safeway must now contend with an even bleaker picture in the fourth quarter, as its striking workers in Southern California threaten to drive down sales.
(Excerpt) Read more at sfgate.com ...
TOPICS: News/Current Events
posted on 10/17/2003 3:11:22 PM PDT
Wally's doing a number on the local stores around here, too. The chains are responding by stocking more of their house brands. Be interesting to see how this shakes out. It's definitely cheaper to buy groceries at Wally, though I won't buy their meat (crammed full of preservatives to lengthen shelf life).
posted on 10/17/2003 3:14:52 PM PDT
The local Safeways are clean, well-run, and the employees are courteous to the point of annoyance. But, their prices are too dang high. If they want to compete, they're going to have to figure out a way to lower their prices. Albertson's prices are also sky-high.
posted on 10/17/2003 3:15:08 PM PDT
Burd said his company has already hired and trained 14,000 replacement workers
Here's the story behind the story, folks.
posted on 10/17/2003 3:28:26 PM PDT
by Ace's Dad
To: Ace's Dad
all I know there is a huge ad in the paper saying 50% off all Foster Farms chickens and $1.50 12 packs of soft drinks til Saturday night....
those high prices are because of health benefits...when wal-mart goes union their prices will be sky-high,too....
posted on 10/17/2003 3:44:10 PM PDT
Safeways problems predate the strike.
posted on 10/17/2003 4:03:12 PM PDT
by Kay Soze
(Post 9-11 We canít allow ourselves to be endangered by doubters (Dems) of our right to be safe.)
To: Kay Soze
That's true. The strike may be the "tipping point"..
posted on 10/17/2003 4:04:17 PM PDT
(Free Tommy Chong!)
when wal-mart goes union their prices will be sky-high,too....
Is that inevitable?
posted on 10/17/2003 4:05:45 PM PDT
(Stalinists, Maoists, Ba'athists, Pacifists: Why are they always on the same side?)
yes.i work for one of these giants that are being picketed and we have a wal-mart near us and its killing us...the meat manager says thats why wal-mart tries so hard to keep the unions out....they know whats coming if unions are voted in....higher pay scales,paid vacations,health benefits and paid holidays...my store provides all that and is competing with a store that has none of that baggage....
posted on 10/17/2003 4:56:32 PM PDT
i forgot to add,that shoppers are paying the price for all these union goodies...
posted on 10/17/2003 5:07:09 PM PDT
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