Safeway

Corporate

Safeway was founded by M. B. Skaggs in American Falls, Idaho, US, in 1915. It began as a grocery store with the strategic objective of maximizing value addition for the customer while at the same time speed up growth by being satisfied with a smaller margin.

By 1926 there were 428 Skaggs stores in 10 mid western states of the US that went up by another 322 Selig stores and the joint entity was thereafter named Safeway. Even the Great Depression couldn’t impact Safeway’s customer focused growth.

Today Safeway has grown and diversified to become the 2nd largest supermarket chain in North America and one of the top ten retailers of the United States.

Safeway is a Fortune 500 company.

Activities

Safeway as a grocery retail supermarket chain and mainly deals in:

• Dairy products
• Frozen Foods
• Meat products
• Bakery products
• Seafood
• Deli products
• Snacks
• Pharmacy products
• Liquor
• Flowers
• Western Union Money Transfer
• Lottery

Performance

In fiscal 2006 Safeway recorded revenues of 40.2 billion USD that was 4.68 % more than what it was in the fiscal before.

The total value of the assets held by Safeway in fiscal 2006 was 16.27 billion USD that was 3.23 % more than what it was in the fiscal before.

Value of assets over the last 3 fiscals (In billion USD) Net income earned by Safeway in fiscal 2006 was 870 million USD that was 55 % more than what it was in the fiscal before. Net income over the last 2 fiscals (In million USD) Safeway’s corporate office is located at: PO Box 99 Pleasanton, California 94566-0009, USA www.shop.safeway.com

Assets and Infrastructure Safeway today operates 1,775 chain stores across the United States and Canada. These include: 312 Von stores in Southern California and Nevada 112 Randalls and Tom Thumb stores in Texas 37 Genuardi’s stores in Philadelphia 17 Carrs stores in Alaska Safeway’s manufacturing and processing plants. Milk plants – 6 in the United States and 3 in Canada Bakery plants – 6 in the United States and 2 in Canada Ice cream plants – 2 each in the United States and Canada Cheese and meat packaging plants – 2 in Canada Soft drinks bottling plants – 4 in the United States Fruit and Vegetable processing plants – 1 in the United States and 3 in Canada Pet food plant – 1 in the United States Organization Safeway is headed by Mr. Steven A. Burd who is the Chairman, President and CEO of the company Safeway employs over 207,000 people

Capital Market Theory  |  Efficient Capital Market  |  Capital Market Regulations