Business Services Industry
Safeway Chief Gives Rivals a Raspberry.
Knight Ridder/Tribune Business News, November, 2001
Daily Mail, London Knight Ridder/Tribune Business News
Nov. 23--With true Latin temperament, Safeway boss Carlos Criado-Perez launched a scathing attack on rival J Sainsbury, while extolling the "phenomenal" progress at his own supermarket chain.
"Sainsbury are not doing well," the Argentinian said, arguing that its sales growth is flattered by store extensions. "I'm not surprised their sales are up (6 percent) considering they have had appalling results for the last few years. We have been growing for eight consecutive quarters at over 5 percent."
His comments highlight the fierce competition between the duo, who are both trying to recover lost market share after years of decline. Safeway appears to have the upper hand so far, but its...
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