Safeway employees,
Earlier this week our CEO Michael Medline announced quarterly results for Empire Company, the company that owns Sobeys and Safeway.
These results are important not only to our shareholders, but also to you, our employees. Ultimately you, are a big part of tackling our challenges and securing our future. These results are a measure of how we are all doing. The numbers Michael announced this week told us we are on the right track. But they also confirmed there is much more to be done.
As Michael said, “we are not where we want to be and we are most certainly not out of the woods yet. Although we are doing a better job of managing our day-to-day business, we remain in the nascent stages of delivering significant cost savings while addressing a number of brand and customer offering opportunities that will provide a compelling reason for consumers to shop us more.”
What does this mean for Safeway? It means we are at the very early stages of getting back to being the place where customers want to shop. That is how we will build a strong and growing company, with stable jobs for our people. To be able to do that, we have to do many things at Safeway — including getting a handle on costs which, right now, are among the highest in this crowded and brutally competitive industry. We have to address this issue since doing nothing won’t make our challenge go away. Addressing it gives us a path forward.
For more information on the results, you can find the full comments here.
You can also read some of the coverage here.
We’re in this together.
Jason Potter