Safeway Inc.
Industry: Retail Grocery
Fortune Rank: 52
Safeway, Inc. operates as a food and drug retailer in North America. Its stores offer food and general merchandise, and various specialty departments, such as bakery, delicatessen, floral, and pharmacy. The company’s stores also offer Starbucks coffee shops and adjacent fuel centers. Its line of products includes carbonated soft drinks, salsas, bagged salads, whole bean coffees, the Indulgence line of cookies and other sweets, the Verdi line of frozen pizzas, fresh and frozen pastas, pasta sauces, and olive oils, as well as Milena’s take and bake pizzas; the Primo Taglio line of meats, cheeses, and sandwiches; Signature soups, sandwiches, and salads; Artisan fresh-baked breads; NutraBalance pet food; and Ultra laundry detergents and dish soaps. Safeway also offers ice creams, frozen yogurts, and sorbets; low-fat ice creams, cereals, and low-fat cereal bars; and frozen entrees and hors d’oeuvres. As of January 1, 2005, the company operated 1,802 stores in the western, southwestern, rocky mountain, and mid-Atlantic regions of the United States and in western Canada. Safeway has a strategic alliance with GroceryWorks Holdings, Inc. Safeway, Inc. was founded in 1926. The company was incorporated in 1986 as SSI Holdings Corporation and changed its name to Safeway Stores, Incorporated. It further changed its name to Safeway, Inc. in 1990. Safeway is based in Pleasanton, California.
Safeway Inc.
Safeway Inc. achieved revenue of $40,850.70 million in 2010 but posted a loss of $-1,097.50 million.
Safeway Inc.'s rank changes
The company's ranking in 2010 was a decline from 2009 when it was ranked 50th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $44,104 million (a change of -4 million compared to 2010) and profits of $965 million (a change of -966 million compared to 2010).
Another point of view
To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Safeway Inc. would be ranked 466th rather than 52nd due to the fact it made a loss of $-1,098 million in 2010.
| Safeway Inc. | Revenue* | Profit* | Fortune Ranking |
|---|---|---|---|
| 2010 | 40,851 | -1,098 | 52 |
| 2009 | 44,104 | 965 | 50 |
| 2008 | 42,286 | 888 | 55 |
| 2007 | 40,185 | 871 | 56 |
| 2006 | 38,416 | 561 | 50 |
* US$ Million
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Address
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Safeway Inc.
5918 Stoneridge Mall Road
Tempe
AZ
94588
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Safeway Inc.
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Contact Details
- Phone: 877-723-3929
- Fax: 925-467-3323
- Website: www.safeway.com
- Stock Symbol: SWY
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