Chief exec of Safeway receives SPIRIT Award from Department of Labor
PLEASANTON, Calif. The Department of Labor Wednesday presented Steve Burd, the chairman, president and chief executive officer of Safeway, with the 2008 SPIRIT Award, reports have said. Burd was named for the award because of his mission to create opportunities for people with disabilities.
Former Major League Baseball player Jim Abbott was there to present the award. Abbott has had a successful baseball career, overcoming a condition at birth that left him with just one hand.
SPIRIT is the acronym for “strength in leadership, perseverance in unyielding commitment to achieving success, integrity, serving as a role model, independence and acting as a trailblazer.” The award was presented to Burd at a ceremony in Washington, D.C.
“I am deeply honored and proud to be among the Department’s SPIRIT award winners and particularly pleased to be sharing the recognition with Jim Abbott,” Burd said. “Assisting people with disabilities has long been an important part of what Safeway stands for in the community. We have worked hard to ensure that our company is a place where people with disabilities can find rewarding opportunities.”
Safeway announces its Q3 earnings for 2008
PLEASANTON, Calif. Safeway today reported a net income total of $199.7 million, or $0.46 per diluted share, for 2008’s third quarter. This total compares to its net income for the same time 2007, $194.6 million, or $0.44 per diluted share.
Safeway said that its total sales were up by 3.9 percent, totaling $10.2 billion for the third quarter 2008, up from last year’s third quarter total of $9.8 billion. The company said that the rise was caused by profits from Safeway’s Lifestyle stores as well as an increase in fuel prices. Same-store sales were up 2.8 percent with fuel (0.5 percent not considering fuel).
“During the third quarter we took action to provide our customers with better everyday values,” chairman, chief executive officer and presiden, Steve Burd, said in a statement. “As we begin the fourth quarter, our sales momentum is building, with identical-store sales (excluding fuel) currently above 1.5 percent, and we are continuing to reduce costs. We continue to believe our diluted earnings per share for 2008 will be in the range of $2.25 to $2.35 for this 53-week year.”
Meijer adds bulk groceries to its list of online shopping items
HOLLAND, Mich. Meijer grocery chain has announced the start of its Grocery By The Case bulk shopping program online.
More than 2,000 dry goods and groceries have been added to the Web site and free delivery is offered for orders over $150, the company has said.
Meijer said it is expanding its bulk offerings to better compete with bulk chain stores, such as Costco and Sam’s Club. It will offer a special discounted delivery charge to elderly customers every other Friday for $3.