Safeway says it will begin passing more food price increases along to its customers. (File photo by Robyn Beck/AFP/GettyImages)
Safeway, the nation's second-largest mainstream supermarket operator, said its profit margins have been hurt because it held back on price increases for produce, meat and pharmacy products as its costs rose. That policy is about to change. "We expect to pass along most of the inflation we are experiencing" to shoppers in the second quarter, the chain's CEO asserted Wednesday. [Full Story]
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Safeway Inc. said it plans to pass higher costs for meat, produce and other staples on to shoppers at its U.S. grocery stores, in an effort to boost its financial results. [Full Story]
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