SAFEWAY sees more opportunities for acquisition in USA

During a Bank of America retail conference, chief financial officer Robert Edwards said that Safeway could see some opportunities for acquisition as a result of recent consolidation in the industry. “The industry consolidation that’s occurring may provide acquisition opportunities that make sense for Safeway, and there are a number of market adjacencies that may make sense to move into,” said Edwards. He also noted that Safeway is “looking for improved results” at its Dominick's, Randall's and Tom Thumb stores as a result of investments in Lifestyle stores in Chicago and Texas.