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Safeway Stores Suffer Fourth-Quarter Losses

Supermarket giant Safeway reports it suffered a fourth-quarter loss of nearly $696 million.

The Pleasanton-based chain, which also operates Pak-n-Save stores – with a location in Sonora – blames most of the loss on the grocery strike throughout Southern California that began in October. The ongoing strike is affecting 289 Safeway stores.

This post was last modified on 01/31/2009 4:31 pm