Company Profile For Safeway Inc.

Safeway Inc. (Safeway) is a food and drug retailer in North America. During the fiscal year ended January 3, 2009 (fiscal 2008), the Company operated its business from 1,739 stores. The Company’s United States retail operations are located in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area and the Mid-Atlantic region. The Company’s Canada-based retail operations are located in British Columbia, Alberta and Manitoba/Saskatchewan. In support of its retail operations, the Company has a network of distribution, manufacturing and food-processing facilities. Safeway owns and operates GroceryWorks.com Operating Company, LLC (GroceryWorks), an online grocery channel doing business under the names Safeway.com, Vons.com and Genuardis.com (collectively Safeway.com). In fiscal 2008, Safeway also has a 49% ownership interest in Casa Ley, S.A. de C.V. (Casa Ley), which operates 146 food and general merchandise stores in Western Mexico.

BRIEF: For the thirty six weeks ended 12 September 2009, Safeway Inc.'s revenues decreased 7% to $28.16B. Net income decreased 18% to $511.6M. Revenues reflect a decrease in sales due to decline in fuel sales and lower identical store sales. Net income also reflects a decrease in gross profit margin, lower operating profit margin and lower net other income. Safeway Inc. provides food and drug to retailers in North America.