PETA Comes to Praise Safeway

With its short-term labor woes behind and trading near its 52-week high, Safeway Inc. (SWY) has been honored by People for the Ethical Treatment of Animals for the retailer's cruelty-free line of household products marketed under the "Select" house brand. ... PETA is also hoping to see follow-through its shareholder proposal urging the retailer to adopt a humane chicken slaughtering process. ... All talk of chicken slaughtering aside, I would rank Safeway as one of my all-time favorite retail stores. As an E-Trade (ET)and Starbucks (SBUX) customer, I go to Safeway almost daily to get cash, food and household goods and coffee - and I know I'm not alone. ... In the face of pressure from soulless giants like Wal-Mart (WMT) - Go Target! (TGT) - Nor Cal-based Safeway deserves to be rewarded for its healthy business practices despite a slightly inflated P/E ratio. ...

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  • published this page in Blog 2006-01-14 13:45:00 -0500

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