Inside these posts: Steve Burd

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Dominick’s parent earnings down on lower prices

Dominck’s parent Safeway Inc. said lower prices drove its third-quarter profit down 5 percent, from a year ago, to $128.8 million.

Sales fell slightly, to $9.4 billion from $9.5 billion. The Pleasanton, Calif. company’s same store sales fell 2 percent, excluding fuel sales. Safeway pointed to lower prices for the same-store sales decline. Get the full story »