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Website: http://www.safeway.com Safeway is one of the nation's largest grocery and drug retailers in the nation operating under Safeway and other brand names including Vons, Pavilions, Carrs, Genuardis, Dominick's, Randalls, Tom Thumb and Pak n Save Foods. There are approximately 1,551 Safeway stores in 21 states in the US and 221 in Canada. The company had 529 stores in California. Safeway also offers delivery of groceries ordered online in parts of Arizona, California, Maryland, Oregon, Virginia, the District of Columbia and Washington. Safeway has an extensive private-label program of goods that are available throughout its stores. Customers can choose from more than 2,500 products including Safeway, Lucerne and Mrs. Wright's. An additional 1,250 premium products are marketed under the Safeway SELECT label. Safeway also holds a 49% interest in Casa Ley, S.A. de C.V., a food and general merchandise retailer in western Mexico. In 2005, Safeway reported total revenues of $38.4 billion, a 7.2% increase, and net income of $561.1 million. The company has introduced a new design for stores called Lifestyle, which features soft lighting and new presentation of merchandise. In 2005, the company opened 21 new Lifestyle stores, completed 293 Lifestyle remodels and closed 48 stores. In 2006, the company expects to spend approximately $1.6 billion in cash capital expenditures, open approximately 20 to 25 new Lifestyle stores and complete approximately 280 Lifestyle remodels. History In 1915, M.B. Skaggs, an ambitious young man in the small Idaho town of American Falls, purchased a grocery store from his father. M.B.'s business strategy, to give his customers value and to expand by keeping a narrow profit margin, proved spectacularly successful. By 1926 he was operating 428 Skaggs stores in 10 states. M.B. almost doubled the size of his business that year when he merged his company with 322 Safeway (formerly Selig) stores. Two years later MB listed Safeway on the New York Stock Exchange. Benefits - A choice of Medical Plans - Prescription Drugs - Vision Care - Dental and Orthodontia - Employee Assistance Program - Health Care and Dependent Day Care Spending Accounts - Paid time off for vacation, sick leave and company recognized holidays - Company-paid Basic Life Insurance - Optional life insurance to cover your spouse, children or additional life insurance for yourself - Short-term and Long-term disability - Company-paid business travel accident insurance - Company-funded Retirement Plan - 401(k) Plan - Employee Stock Purchase Plan Updated June 3, 2006 |