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Safeway's earnings prospects grim
sfgate ^
| 10-17-03
| sfgate
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.
[history]
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
KEYWORDS: safeway
1
posted on
10/17/2003 3:11:22 PM PDT
by
ambrose
To: ambrose
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).
2
posted on
10/17/2003 3:14:52 PM PDT
by
mewzilla
To: ambrose
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.
3
posted on
10/17/2003 3:15:08 PM PDT
by
FlyVet
To: ambrose
Burd said his company has already hired and trained 14,000 replacement workersHere's the story behind the story, folks.
4
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....
To: FlyVet
those high prices are because of health benefits...when wal-mart goes union their prices will be sky-high,too....
6
posted on
10/17/2003 3:44:10 PM PDT
by
fishbabe
To: ambrose
Safeways problems predate the strike.
7
posted on
10/17/2003 4:03:12 PM PDT
by
Kay Soze
(Post 9-11 We can’t 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"..
8
posted on
10/17/2003 4:04:17 PM PDT
by
ambrose
(Free Tommy Chong!)
To: fishbabe
when wal-mart goes union their prices will be sky-high,too....Is that inevitable?
9
posted on
10/17/2003 4:05:45 PM PDT
by
xm177e2
(Stalinists, Maoists, Ba'athists, Pacifists: Why are they always on the same side?)
To: xm177e2
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....
10
posted on
10/17/2003 4:56:32 PM PDT
by
fishbabe
To: xm177e2
i forgot to add,that shoppers are paying the price for all these union goodies...
11
posted on
10/17/2003 5:07:09 PM PDT
by
fishbabe
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