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.
As of March 24, 2012, the company operated 1,675 stores in the Western, Southwestern, Rocky Mountain, and Mid-Atlantic regions of the United States and in western Canada. In support of its stores, Safeway has an extensive network of distribution, manufacturing and food processing facilities. Safeway also holds a 49% interest in Casa Ley, S.A. de C.V., a food and general merchandise retailer with 186 stores in western Mexico.
The average store size is 47,000 square feet. The company owns 42% of its stores and leases the remaining number.
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.
In 2011, Safeway reported total revenues of $43.6 billion, up from $41.0 billion, and net income of $516.7 million. The company opened 25 stores and closed 41 last year.
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.
- 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 July 12, 2012