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Safeway Inc.
Type Public (NYSESWY)
Founded American Falls, Idaho, U.S. (1915)
Headquarters Pleasanton, California, U.S.
Key people Steven Burd, CEO & Chairman
Industry Retail (Grocery)
Products Bakery, dairy, delicatessen, dry cleaning, frozen foods, fuel, grocery, lottery, pharmacy, photographic processing, produce, seafood, snack food, liquor, flowers, and Western Union
Revenue US$40.9 Billion (FY 2009)[1]
Net income US$-1.10 Billion (FY 2009)[1]
Total assets US$15.0 Billion (FY 2009)[2]
Total equity US$4.95 Billion (FY 2009)[2]
Employees 197,000 (2008)[3]
Website www.safeway.com
www.safeway.ca

Safeway Inc. (NYSESWY), a Fortune 500 company, is North America's third largest supermarket chain, with, as of December 29, 2007, 1743 stores located throughout the western and central United States and western Canada.[3] It also operates some stores in the Mid-Atlantic region of the Eastern Seaboard. The company is headquartered in Pleasanton, California. Supermarket News ranked Safeway No. 4 in the 2007 "Top 75 North American Food Retailers" based on 2006 fiscal year estimated sales of $40.5 billion.[4] Based on 2005 revenue, Safeway is the tenth largest retailer in the United States.[5]

Contents

History

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Sam Seelig Stores

Sam Seelig Company was founded in April 1912 by Sam Seelig who had come to California from Arizona in 1911. Seelig opened a single grocery store in Los Angeles at the corner of Pico and Figueroa streets[6]. The chain had grown to 71 stores by 1922.[7] After World War I the firm became deeply indebted to its main grocery wholesaler, a firm owned by W.R.H. Weldon. In a swap of stock for debt, Weldon assumed control of the chain, leaving Seelig in charge of retail operations. Seelig then left the company in 1924 to enter the real estate business, forming Sam Seelig Realty.

Safeway name

As a result of Seelig's departure, the company held a contest in 1925 to develop a new name, the result of which was Safeway. The original slogan was "an admonition and an invitation" to "Drive the Safeway; Buy the Safeway." [8] The point of the name was that the grocery operated on a cash-and-carry basis; it did not offer credit, as had been traditional for grocers. It was the "safe way" to buy because a family could not get into debt via its grocery bill (as many families did, especially during the Great Depression). By 1926 Safeway Stores had 322 stores centered in Southern California.

Weldon saw himself as a wholesaler and sold his 80% of the business for $3.5 million to Merrill Lynch in deal brokered by Charles E. Merrill.

An older design in Winnipeg, Manitoba

Skaggs Stores

Skaggs Stores (see Skaggs Companies) had its start in 1915, when Marion Barton Skaggs purchased his father's 576 square foot grocery store in American Falls, Idaho, for $1,089. The chain, which operated as two separate businesses, Skaggs' Cash Stores and Skaggs United Stores, grew quickly, and Skaggs enlisted the help of his five brothers to help grow the network of stores, which reached 191 by 1920.

Seelig and Skaggs merger

Charlie Merrill recognized the potential to consolidate the West Coast grocery industry. In June 1926 Merrill offered Skaggs either $7 million outright or $1.5 million plus 30,000 shares in the merged firm. Skaggs took the latter.[9] On July 1, 1926 Safeway merged with the 673 stores from Skaggs United Stores of Idaho and Skaggs Cash Stores of California. On completion of the Skaggs/Safeway merger, M.B. Skaggs became the Chief Executive of the business.[10]

The merger immediately created the largest chain of grocery stores west of the Mississippi.[11] Charles E. Merrill later left Merrill Lynch, for a period of time, to assist in the management of Safeway during the 1930s. At the time of the merger, the company was headquartered in Reno, Nevada, but in 1929, Safeway relocated its headquarters to a former grocery warehouse in Oakland, California. Safeway headquarters moved into Emil Hegstrom's Mutual Creamery Building on East 14th Street and remained there until the move to Pleasanton.

While Seelig/Safeway was technically the original company, Safeway has always considered M.B. Skaggs the founder and the American Falls store the original store.[12]

Expansion

The initial public offering price of Safeway stock was $226 in 1927; a five for one split in 1928 brought the price down to under $50.

Over the next few years Charles Merrill, with financing supplied by Merrill Lynch, then began aggressively acquiring numerous regional grocery store chains for Safeway in a rollup strategy. Early acquisitions included significant parts of Piggly Wiggly chain as part of the break up of that company by Merrill Lynch and Wall Street.

Year Firm # of stores Location
1926 H.G. Chaffee grocery stores Southern California
1926 Skaggs Cash Stores 679 grocery stores Idaho
1926 Skaggs United Stores (in above) California
1928 Arazona Grocery/Pay'n Takkit Stores 24 grocery stores; 24 meat markets Phoenix, Arizona
1928 Newway Stores 15 grocery stores; 11 meat markets El Paso, Texas
1928 Sanitary Grocery (incl. some Piggly Wiggly) 429 grocery stores; 67 meat markets Washington D.C. & Virginia
1928 Eastern Stores Inc. 67 grocery stores; 127 meat markets Baltimore, Maryland
1928 Piggly Wiggly Pacific 91 grocery stores; 84 meat markets Oakland, California
1928 Bird Grocery Stores (incl. some Piggly Wiggly) 224 grocery stores; 210 meat markets Missouri, Texas, Arkansas, Iowa, Kansas, Nebraska
1929 Piggly Wiggly West 91 grocery stores; 84 meat markets Northern California, Hawaii, Colorado
1929 Sun Grocery 91 grocery stores; 84 meat markets Tulsa, Oklahoma
1931 MacMarr Stores grocery stores n/a
1936 Stores from Kroger 53 grocery stores Oklahoma
1941 David Reeves 498 grocery stores New York
1941 National Grocery 84 grocery stores New Jersey
1958 Thriftway Stores (Iowa) 30 grocery stores Iowa

Most transactions involved the swap of stock certificates, with little cash changing hands. Most acquired chains retained their own names until the mid 1930s.

Safeway store number by state in 1932

In 1929 there were rumours of a Safeway-Kroger merger.[13]

The number of stores peaked at 3,400 in 1932, when expansion ground to a halt. The great depression had finally impacted the chain, which began to focus on cost control. In addition, the numerous smaller grocery stores began being replaced with larger supermarket stores. By 1933 the chain ranked second in the grocery industry behind The Great Atlantic & Pacific Tea Company and ahead of Kroger.


In 1935, Safeway sold its nine stores in Honolulu,Hawaii "because of the inconvenience of proper supervision.[14] Also in 1935, independent grocery in California convinced the Califonia legislature to enact a progressive tax on chain stores. Before the act took effect, Safeway filed a petition to have the law put to a referendum. In 1936 the California electorate voted to repeal the law.

In 1936 Safeway introduced a money back guarantee on meat.[15]

Hegstrom's, a chain of Oakland, California stores controlled by Mutual Creamery owner Emil Hegstrom, was acquired by Safeway in the mid-1950s.[citation needed] The company's New York operations were sold in 1961 to Finast.[16]

Change in number of Safeway stores from 1925 to 1960

International growth

Safeway has expanded into seven countries outside the United States.

Country Year entered # of stores at peak
Canada 1929 302 (1983)
United Kingdom 1962 131 (1986)
Australia 1962 123 (1984)
West Germany 1963 35 (1984)
Mexico 1981 137 (2007)
Saudi Arabia 1982 6 (1984)
Kuwait  ?  ?

The company expanded into Canada in 1929 (which became Canada Safeway Limited); into the United Kingdom in 1962 (which became Safeway plc); into Australia in 1963 (which became Safeway Australia); and into Germany in 1964. The company also has operations in Saudi Arabia and Kuwait in a licensing and management agreement with the Tamimi Group during the 1980s. In 1981 acquired 49% of Mexican retailer Casa Ley.

International expansion was achieved through the acquisition of one or more small chains except in the case of Saudi Arabia and Kuwait, which was through a joint venture. This initial nucleus of stores received Safeway systems and technology and then expanded organically. International chains acquired include:

Year Firm # of stores Location
1929  ? 9 grocery stores Canada
1935 Piggly Wiggly (Canada) 179 stores Canada
1962 John Gardner Limited 11 stores United Kingdom
1963 Pratt Supermarkets 3 stores Melbourne, Australia
1963 Mutual Stores  ? stores Australia
1964 Big Bār Basar (Big Bear Bazaar) 2 stores West Germany
1980 Jack the Slasher 31 stores Queensland, Australia
1981 49% of Casa Ley  ? stores Mexico

1940s-1970s

A Marina Safeway in Hamilton, Montana built in the 1960s
An older store design from the 1970s and 1980s is seen in this San Jose, California Safeway.

In 1941 Marion B. Skaggs retired from the Safeway board of directors.[17]

In 1947 the company's sales exceeded $1 billion for the first time. By 1951 total sales had reached nearly $1.5 billion. In 1952 the company adopted the S logo, which it still uses.

In 1955 Robert A. Magowan became Chairman of the Board of Safeway. Magowan had married Charles Merrill's daughter Doris Merrill. In 1956 Magowan also assumed the title of President. He remained President until 1968, and a member of the board until 1978.

In 1959, Safeway opened its first store in the new state of Alaska, being the first major food retailer to enter the market. In 1959 the firm also opened the first "Marina"-style store on the Marina in San Francisco. Numerous stores were opened in this style throughout the next decade.[18]

In 1963 Safeway again opened stores in Hawaii, having exited this market in 1934.[19]

In 1969 Safeway entered the Toronto market in Canada and the Houston market in Texas by organic opening of new stores, rather than by acquisition. The firm would ultimately fail in both these markets against entrenched competition.

In 1979 Peter Magowan, son of Robert Magowan and Grandson of Charles Merrill, was appointed Chairman and CEO of Safeway. Magowan would manage Safeway for the next 13 years - presiding over the dramatic decline of the firm in terms of store numbers.

1980s: Takeover and sell-offs

Following a hostile takeover bid from corporate raiders Herbert and Robert Haft, the chain was acquired by Kohlberg Kravis Roberts (KKR) acting as a white knight in 1986. With the assistance of KKR the company was taken private and assumed tremendous debt. To pay off this debt the company began selling off a large number of its operating divisions.

Year Division sold # of stores Sale price Buyer Outcome
1983 Omaha/Sioux Falls 64 stores n/a Multiple buyers including Hy-Vee & Fareway Stores continue to operate as Hy-Vee (Omaha/Lincoln/Sioux Falls) & Fareway (Sioux City, IA)
1985 Southern Ontario 22 stores n/a Oshawa Group Oshawa acquired by Sobeys in 1998
1985 West Germany 36 stores n/a Meierei C Bolle[20] Stores now part of Edeka
1987 Dallas 141 stores n/a Unable to sell whole division Sold in pieces to Kroger, Brookshire's, Tom_Thumb_Food_&_Pharmacy, Minyard_Food_Stores & Furr's; some stores shuttered
1987 Salt Lake City 60 stores $75m Borman's (Detroit) Borman's sells stores in pieces at under book value in 1988 to Flemings (supermarkets) & Albertsons; Borman's acquired by A&P late 1988
1987 El Paso 59 stores $140m Furr's Supermarkets (see Roy Furr) Firm hits financial difficulties; MBO of some stores; other sold; bankruptcy in 2001
1987 Oklahoma 106 stores n/a MBO by management and Clayton & Dubilier forming Homeland_(supermarket) Firm listed then goes into bankruptcy in 1996
1987 Safeway UK 121 stores US$1b Argyll Foods Stores continue to trade under Safeway name; later acquired by Morrisons
1988 Kansas City 66 stores n/a Morgan Lewis Githens & Ahn/W S Acquisition Corp. Renamed Food Barn; bankruptcy 1994; stores sold
1988 Little Rock 51 stores n/a Acadia Partners Renamed Harvest Foods; bankruptcy in 1995; stores sold off; some now part of Affiliated Foods Southwest
1988 Houston 99 stores $174.6m MBO with Duncan Cook &Co. and the Sterling Group Renamed AppleTree; bankruptcy 1992; stores sold to competitors
1987 Safeway Australia 135 stores $124m Woolworths_Limited Australia Stores continue to trade under Safeway name until recently
1988 Southern California 172 stores $408m Vons Safeway takes 30% share in Vons; later acquires 100%

The divested domestic divisions of Safeway proved to be poisoned chalices for all those who acquired them. Effectively every acquirer hit financial troubles and either went bankrupt or was acquired.

The international stores were more successful for their acquirers. UK stores, Safeway plc, were sold to Argyll Foods, which itself was ultimately absorbed by Morrisons in 2004. Safeway Australia was sold to the Australian-based Woolworths Limited in 1985.

In Southern California, Safeway sold its stores to Vons in exchange for a 30% interest in the company, pulling completely out of established markets like Los Angeles and San Diego, and diminishing operations in Fresno, Modesto, Stockton, and Sacramento. Save Mart Supermarkets purchased the few remaining Fresno Safeway stores in 1996.

Safeway's national presence was now reduced to several western states and Northern California, plus the Washington, D.C. area. Altogether, nearly half the 2,200 stores in the chain were sold.

In late 1987 Safeway acquired the Woodward's Food Floors, which operated in the western Canadian provinces of British Columbia and Alberta.

The company was taken public again in 1990.

1990s and beyond

In the late 1990s, Safeway began to again aggressively acquire regional chains, including Randall's Food Markets in Texas, Carrs in Alaska, and Dominick's in Illinois. In 1997, it exercised its option to acquire control of Vons in Southern California. (The buyout of Randall's marked Safeway's presence to return to Texas ten years after the original stores in Houston were sold to AppleTree.)

In 2001, Safeway acquired the family-owned Genuardi's chain, with locations in Pennsylvania, New Jersey, and Delaware. Safeway also created subsidiary "Blackhawk Network", a prepaid and payments network, a card-based financial solutions company, and a provider of third-party prepaid cards.

In October 2003, a strike was called by members of the United Food and Commercial Workers at Vons stores in Southern California. The strike (and concurrent lockout at Albertsons and Ralphs) lasted until the end of February 2004.

In November 2006, speculation rolled around as the Chicago Sun-Times reported that Sears Holdings Corporation may buy Safeway.[21]

Store formats and concepts

Safeway has tried a range of new store formats over the years, most of which have ultimately failed.

In 1963 Safeway developed the Super S format, a general merchandise and drug store opened adjoining a new Safeway supermarket. The stores would share a common entrance but were operated as separate businesses with their own checkstands. The first outlet was opened in Anchorage, Alaska. In 1965, 22 existing Super S stores were divested to Skaggs Drug Stores. Safeway divested the remaining stores in 1971.[22]

In 1964 Safeway opened a trial two level "International Store" at 12th and F Street in Washington, D.C., with a conventional Safeway downstairs and a gourmet store on the upper floor. The Safeway International Store range included wild boar steaks, snow hare, suckling pig, and reindeer steaks.[23]

The company also made a number of attempts to repurpose older, smaller store sites, opening Food Barn, a discount grocery outlet, and Liquor Barn, a discount liquor outlet, in the 1970s. Safeway also trialled Town House in Washington, D.C., small stores targeting apartment dwellers, and a gourmet store concept, Bon Appetit in San Francisco.

In 1969 Safeway formed a joint venture with Holly Farms Poultry Industries (now part of Tyson Foods) to open "Holly Farms Fried Chicken Take Home" in an effort to diversify into fast food restaurants and compete with KFC. The first store opened in Colonial Heights, Virginia in August 1969.[24]

Corporate governance

Safeway headquarters in Pleasanton, California
An early 21st century Safeway store in Sunnyvale, California.
A Safeway.com delivery truck, used for deliveries to people who buy their groceries online.

Current members of the board of directors of the company are: Steven Burd, Janet Grove, Mohan Gyani, Paul Hazen, Robert MacDonnell, Douglas Mackenzie, Rebecca Stirn, William Tauscher, and Raymond Viault.[25]

Locations

Safeway has a total of 1,521 stores in the United States and 222 stores in Canada, over 80% of which are located in Western states and provinces. The greatest concentration of Safeway branches is in California with 521 stores (including the 295 branded as Vons), followed by Washington State with 168 stores and Colorado with 122. In Canada, the greatest number of Safeway locations is in Alberta with 88 stores and British Columbia with 78 stores.[26]

Brands

Current brands

Today, Safeway Select is the company's signature private label that offers an upscale range of products, a sub-label Primo Taglio is used for more upscale deli products and Lucerne remains as the main dairy line. In 2006, Safeway introduced a new line, with organically grown and processed line of products named O Organics. In late 2007, the Safeway Select: Signature line was renamed Signature Cafe.

Some of the brands in use today are:

  • Basic Red/Value Red — Mostly paper products, but includes large tubs of ice cream.[27]
  • Bright Green — Environmentally friendly cleaning products.[28]
  • Butcher's Cut, The — Secondary meat brand used for pre-packaged cold cut and raw meats.
  • Captains Choice — Seafood brand.
  • Country Hearth - A Lucerne manufactured line of bread similar to Oroweat
  • Conti Gourmet Coffee. A Gourmet Coffee company, base Coppell, Texas
  • Dairy Glen — A second dairy brand. It is also used for the two gallon tubs of ice cream.
  • Deli Counter, The — A secondary deli brand used mainly for cold cuts.
  • Diablo Creek — Wine
  • Eating Right — Brand used for healthier eating using labels such as low fat, low sodium, etc.
  • Firefly Ridge — Wine
  • Gourmet Meat Shoppe — Frozen meat products.
  • Jerseymaid — A carryover dairy brand from Safeway's acquisition of Vons, still used due to its reputation.
  • Lucerne — The main dairy brand, used for ice cream, cheese, yogurt, and milk.[27]
  • Manor House — Another frozen meat line used for turkeys during the holidays.
  • Mom to Mom — A full line of baby products.[29]
  • O Organics — Line of organic products.
  • Oven Joy — Bread brand that is neither Safeway, O Organics, Eating Right nor Safeway Select.
  • Primo Taglio — The upscale deli cold cut brand.[27]
  • Priority — Pet care brand.[27]
  • Produce Stand, The — Pre-packaged produce such as baby carrots, salads, and raisins.
  • Ranchers Reserve — The upscale meat brand.[27]
  • Refreshe — Bottled Water Brand.
  • Remarkable — Used for the Texas based stores.
  • Safeway — This includes non-branded items like Go2 Cola, that have unique names, and are not a whole brand to themselves. It is also used on items that just have descriptive titles instead of names.[27]
  • Safeway Select — These are mostly the upscale items.[27]
  • Signature Cafe — Deli Line of soups, side dishes and pre-made salads.[30]
  • Waterfront Bistro — Frozen seafood products. [31]

Lifestyle branding

Safeway "Lifestyle" look Produce Department.

On April 18, 2005, Safeway began a $100 million brand re-positioning campaign labeled "Ingredients for life." This was done in an attempt to differentiate itself from its competitors, and to increase brand involvement. Steve Burd described it as "branding the shopping experience".[32]

The launch included a redesigned logo, a new slogan "Ingredients for life" alongside a four-panel life icon to be used throughout stores and advertising, and a web application called "FoodFlex" to improve consumer nutrition. Many locations are being converted to the "Lifestyle" format. The new look was designed by Michigan-based PPC Design. In addition to the "inviting decor with warm ambiance and subdued lighting", the move required heavy redesign of store layout, new employee uniforms, sushi and olive bars, and the addition of in-store Starbucks kiosks (with cupholders on grocery carts). The change also involved differentiating the company from competitors with promotions based on the company’s extensive loyalty card database. At the end of 2004 there were 142 "Lifestyle" format stores in the United States and Canada, with plans to open or remodel another 300 stores with this type of theme the following year. "Lifestyle format" stores have seen significantly higher average weekly sales than their other stores. By the end of 2006, shares were up proving that this rebranding campaign had a major impact on sale figures.

Safeway fuel

Safeway has fuel stations at some stores[33]. Major metropolitan areas, such as the San Francisco Bay Area, have as few as three fuel centers[citation needed]. These stations allow customers to use a phone number or club (Loyalty) card to receive a 3¢/gal. discount on fuel purchases.

Safeway ATM Network

The Safeway ATM Network is operated in Colorado, Oregon, Wyoming and Washington. There are typically two machines located near the front of each store. Cirrus, Plus, Star, and NYCE are on the network. The network was started in late 1998 in Denver and was expanded to Wyoming, Washington, and Oregon.[citation needed]

Banners

In addition to the Safeway name, the company also operates stores under the following banners:

Logos

Safeway Medallion logo, 1980
The Ribbon Leaf logo
  • The S Medallion (1946–December 1981) — The red "S" part was slightly thinned in late 1957, and would remain in this fashion through 1981.
  • The Ribbon Leaf (1984–2006) — Safeway used this logo from 1984 to early 2006. The red stylized "S" was still located in the center.
  • The Yin-Yang - Life logo (2006 to the present) — The stylized "S" is still located in the center, but is now white.

Slogans

  • Since We're Neighbors, Let's Be Friends (1972–1979) — Probably the first Safeway advertising campaign to make use of a singalong jingle. This slogan was used by the U.S. stores until July 16, 1979, when the "Everything" slogan was adopted. (lyrics acceptable)
  • Today at Safeway (used by the Canadian stores during the same period as the American jingle listed above)
  • Everything You Want from a Store and a Little Bit More (1979–December 1981) — This campaign, launched on July 16, 1979, was adopted, perhaps, to reflect the image of Safeway stores as "one stop shopping centers." This campaign was used through December 1981, although it was in use in the UK into the 1990s.
  • Today's Safeway: Where You Get a Little Bit More (January 1982–1983) — The first Safeway ad campaign to make use of the company's new "ribbon leaf" logo.
  • America's Favorite Food Store (1983–1986)
  • I Work an Honest Day and I Want an Honest Deal (1985–1987) — "America's favorite food store" tagline used with this campaign through 1986 until the buyout and divestitures, which reduced the storecount and made the "America's favorite" line inaccurate. Also featured a song.
  • Nobody Does It Better (1992 – late 1990s) — This campaign is unique for being adapted from a pop song. In this case, the song was originally a hit for Carly Simon in 1977. Simon originally sang it as the theme song to 1977's James Bond movie, The Spy Who Loved Me.The 1993 version used in the commercials was recorded by R&B Grammy Award winning singer Patti Labelle.
  • We Bring It All Together (late 1980s–early 1990s) Main slogan for Safeway locations in Canada.
  • Giving Our Best (2001–2005)
  • Vons is Value (mid-to-late 1990s) — Used only for Vons stores in Southern California. This was the first Vons ad campaign since Safeway took over ownership of the chain.
  • Delivering Our Best (late 1990s–2005) Used only for Vons stores in Southern California, as a regional variant of the Safeway slogan.
  • Today's Better Way (1990s) Main slogan for Safeway locations in Canada before Giving Our Best was used in the early 2000s.
  • Ingredients for life (2005–present)

SCOP: Safeway Category Optimization Process

Safeway recently transitioned from regional control of their product assortments to national category management, known as the Safeway Category Optimization Process or SCOP. With all dry grocery corporate buying done from Safeway's Pleasanton offices, it is said it will increase representation of manufacturers by experienced sales professionals with extensive product and category knowledge. Corporate produce buying offices are located in Phoenix Arizona. This will mean consistency across the Safeway chain, meaning one could go into a store in Winnipeg or San Francisco and find the same products at the same price as all negotiation is now done at the corporate level.

Safeway music

Safeway Music is provided by InStore Broadcasting Network, giving store personnel a variety of songs to play for shoppers. The satellite network also beams commercials and advertisements for Safeway products and brands that play intermittently with the music.

In Canada (and various other divisions in the past up until 2004), the "Bread song": Fats Domino's "I'm Walkin'" plays at 5 PM local time to remind the bakery staff to remove the fresh bread from the ovens and bring it to the floor for the Fresh French Bread at 5 campaign.[citation needed]

Healthy Measures Employee Insurance Plan

Safeway has designed an innovative, market-based employee health insurance plan that has kept per capita health-care costs flat between 2005-2009 (that includes both the employee and the employer portion), while most American companies' costs have increased 38% over the same four years.

The Safeway Healthy Measures plan capitalizes on two key insights. The first is that 70% of all health-care costs are the direct result of behavior. The second insight is that 74% of all costs are confined to four chronic conditions: cardiovascular disease, cancer, diabetes and obesity. Furthermore, 80% of cardiovascular disease and diabetes is preventable, 60% of cancers are preventable, and more than 90% of obesity is preventable. Safeway's insurance program focuses on tobacco usage, healthy weight, blood pressure and cholesterol levels, utilizing a provision in the 1996 Health Insurance Portability and Accountability Act that permits employers to differentiate premiums based on behaviors.

Safeway's Healthy Measures program is completely voluntary and currently covers 74% of the insured nonunion work force. Employees are tested for the four measures cited above and receive premium discounts off a "base level" premium for each test they pass. Data is collected by outside parties and not shared with company management. If they pass all four tests, annual premiums are reduced $780 for individuals and $1,560 for families. Should they fail any or all tests, they can be tested again in 12 months. If they pass or have made appropriate progress on something like obesity, the company provides a refund equal to the premium differences established at the beginning of the plan year.[34]

See also

References

  1. ^ a b Safeway (SWY) annual SEC income statement filing via Wikinvest
  2. ^ a b Safeway (SWY) annual SEC balance sheet filing via Wikinvest
  3. ^ a b Safeway Factbook 2008
  4. ^ 2007 Top 75 North American Food Retailers, Supermarket News, Last accessed May 8, 2008.
  5. ^ Top 100 Retailers: The Nation's Retail Power Players (PDF), Stores, July 2006.
  6. ^ Site is now the location of the Los Angeles Convention Center http://maps.google.com/maps?f=q&hl=en&geocode=&q=Pico+and+Figueroa,+Los+Angeles
  7. ^ Los Angeles Times, Jan 26 1922
  8. ^ Seelig's Chain is now Safeway, Los Angeles Times, Mar 15, 1925, pB8
  9. ^ Wall Street to main street; CHarles Merrill and middle-class investors, p111
  10. ^ Safeway Annual Report 1966, p2
  11. ^ Safeway stock out tomorrow, Los Angeles Times, Nov 14, 1926, p17
  12. ^ Safeway Annual Report 1975, p2
  13. ^ Wall Street Journal, Oct 1, 1929
  14. ^ Wall Street Journal, Jan 28, 1935
  15. ^ Supermarket News, 10 December 2001
  16. ^ Safeway Annual Report 1961
  17. ^ Safeway Annual Report 1966, p2
  18. ^ Safeway annual report 1959, p4
  19. ^ Safeway Annual Report 1966, p10
  20. ^ http://de.wikipedia.org/wiki/Meierei_C._Bolle
  21. ^ "Sears may have eye on Safeway". Chicago Sun-Times. November 9, 2006. http://www.suntimes.com/business/130385,cst-fin-sears09.article. Retrieved 3 February 2007. 
  22. ^ http://pleasantfamilyshopping.blogspot.com/2007/09/safeways-super-s-story.html
  23. ^ Safeway Annual Report 1964
  24. ^ Safeway Annual Report 1969
  25. ^ Corporate Governance (PDF), Safeway, Inc. Last retrieved January 29, 2007.
  26. ^ Safeway stores by location
  27. ^ a b c d e f g "Safeway Brands". safeway.com. http://www.safeway.com/IFL/Grocery/Our-Brands. Retrieved 2010-01-14. 
  28. ^ "Safeway Brands - Bright Green". safeway.com. http://www.safeway.com/IFL/Grocery/TopCategoriesDisplay?identifier=BGBrightGreen. Retrieved 2010-01-14. 
  29. ^ "Safeway Brands - Mom to Mom". safeway.com. http://www.safeway.com/IFL/Grocery/TopCategoriesDisplay?identifier=MMMomToMom. Retrieved 2010-01-14. 
  30. ^ "Safeway Brands - Signature Cafe". safeway.com. http://www.safeway.com/IFL/Grocery/Signature-Cafe. Retrieved 2010-01-14. 
  31. ^ "Safeway Brands - Waterfront Bistro". safeway.com. http://www.safeway.com/IFL/Grocery/TopCategoriesDisplay?identifier=WBwaterfrontBISTRO. Retrieved 2010-01-14. 
  32. ^ Safeway ready to unveil new 'branding' campaign, Supermarket News, March 2005.
  33. ^ http://shop.safeway.com/corporate/safeway/fuel_station_locator.asp
  34. ^ How Safeway Is Cutting Health-Care Costs, The Wall Street Journal, June 2009.

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