Safeway 1997 Annual Report Download - page 7

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4
During the past five years, Safeway’s management
team has demonstrated proficiency at turning
around underperforming assets. Central to our
success is a simple but powerful formula with
three basic elements: control costs, increase sales and improve
capital management.
Until recently, we concentrated our efforts on adding value to
assets within our existing market areas. With the Vons merger in
April 1997, we looked beyond these areas for continued growth.
We believe there may be opportunities to make additional acquisi-
tions that would enhance Safeway’s long-term growth.
The following are a few examples of growth in core Safeway
markets and at Vons.
Growing
Our
Business