FINANCE

Safeway’s Sales Increase

BY CSA STAFF

Pleasanton, Calif., Safeway saw its comparable-store sales increase 3.3% and its identical-store sales increase 2.8% for the second quarter of 2005. The company’s total sales increased 4.7% to $8.8 billion for the second quarter of 2005. Last year, Safeway’s total sales were $8.4 billion for the second quarter.

Safeway believes the increase is due to its marketing strategies and recovery from the strike in Southern California last year. Steve Burd, chairman, president and CEO of Safeway, said, “Our strategy to differentiate our offering has resulted in broad-based sales improvement.”

Net income for Safeway, however, decreased for the second quarter. This year’s income was $134 million while last year’s was $155.2 million.

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Walgreen Chicago-area Pharmacists Return to Work

BY CSA STAFF

Deerfield, Ill., Chicago-area Walgreen Co. staff pharmacists voted last night to return to work following a work stoppage that began on July 6. Walgreen was given the news by the National Pharmacists Association, which acts as a bargaining agent for staff pharmacists at Chicago-area Walgreens locations.

The pharmacists originally walked off the job to protest what they saw as low staffing levels and increased workloads.

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Borders Picks Three Board Members

BY CSA STAFF

Ann Arbor, Mich., Borders Group Inc. has elected three new members to its board of directors, effective Aug. 1: Donald G. Campbell, senior executive VP and chief administrative and business development officer of The TJX Cos.; Brian T. Light, executive VP of business delivery for Staples Inc.; and Michael Weiss, the retired president and CEO of Limited Brands subsidiary Express.

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