Safeway began in 1915, in American Falls, a small town in Idaho. When M.B. Skaggs purchased a small store from his father. M.B.’s mission was to provide his customers value while keeping a narrow profit margin in order to expand. This narrow profit margin was a key strategy. M.B. was successful and by 1926 he had opened 428 stores Skaggs stores in 10 states. Soon thereafter, Skaggs merged his successful stores with Safeway (then Selig) and became Safeway, Inc., listed on the New York Stock Exchange in 1928. During the great depression, Safeway continued to focus on value for the customer and the stores continued to be profitable. Skagg was a pioneer in the grocery industry, introducing produce by the pound and “sell by” dates ensuring product freshness for the customer. These are strategies that …show more content…
The company’s vision statement: “We earn the loyalty of the people we serve through talents and passion of employees.” (www.safeway.com, …show more content…
Safeway’s Organizational