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Safeway promotes CFO to president
Pleasanton, Calif. -- Safeway announced Monday that it has promoted its executive VP and CFO Robert Edwards to the position of president.
Edwards has held his current role since 2004. He will have overall responsibility for the company's retail operations, marketing, merchandising, corporate brands, manufacturing, distribution and finance functions, and will continue as CFO until a successor is named to the position.
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Supervalu swings to Q4 loss; will open 50 Save-A-Lots this year
Minneapolis -- Supervalu Inc. reported Tuesday that it swung to a loss of $424 million in the quarter ended Feb. 25, compared with a $95 million gain a year earlier. Results were negatively impacted by charges related to store closures and employee layoffs, but still beat Wall Street expectations.