Safeway CEO encouraged by consumers' return to pricier coffee, wine

10/16/2009 | Los Angeles Times (tiered subscription model)

Steven Burd, CEO of Safeway, said consumers are slowly returning to more expensive wines and coffee drinks, a sign that economic recovery is under way. Sales at stores open at least a year were down 3%, largely because of the economy and deflation in dairy, produce and meat, he said.

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