Safeway looks to long-term gains in 2007

12/13/2006 | Reuters

Citing plans to open about 25 new stores and remodel about 275 others, Safeway told analysts and investors Tuesday that the company may beat Wall Street expectations next year. Safeway hopes that enhancements in its own organics line, O, also will help stave off competition from Wal-Mart Stores.

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