Safeway Stores, Inc. - Specimen Stock Certificate

Specimen Stock printed by Security Banknote Company.

Safeway, Inc. is an American supermarket chain. The chain provides grocery items, food and general merchandise and features a variety of specialty departments, such as bakery, delicatessen, floral and pharmacy, as well as Starbucks coffee shops and fuel centers. It is a subsidiary of Albertsons after being acquired by private equity investors led by Cerberus Capital Management in January 2015. Safeway's primary base of operations is in the Western United States with some stores located in the Mid-Atlantic region of the Eastern Seaboard. The subsidiary is headquartered in Pleasanton, California.

Incorporated in 1926. With 1,118 stores in the United States and Canada, Safeway Stores is one of the largest food chains in the world. Safe way’s ten major distribution centers deliver thousands of food and nonfood items, both national and private-label brands, to its retail outlets around North America. Acquired by Kohlberg, Kravis & Roberts Company and taken private in 1986, Safeway was radically downsized in the following two years. Yet Safe way’s streamlining efforts have been so successful at reducing the debt incurred during the leveraged buyout that the company may soon go public again. In the early days of this century S. M. Skaggs saw that the grain farmers in his community of American Falls, Idaho were poorly served by their local grocery stores. Without money except at harvest-time, their buying power was considerably reduced by the heavy credit charges that store owners levied. Also, the variety and quality of goods was poor, causing much customer dissatisfaction. As a minister, Skaggs was interested in solving these problems. He talked a local bank president, D. W. Davis (later the governor of Idaho), into a loan, and then set himself up in an 18-by-32-foot store and opened for business. Despite his zeal, Skaggs could not make his store particularly profitable, so in 1915 he sold it to his son, M. B. Skaggs, who at age 27 had already been involved in business for years. The younger Skaggs added energy and sound business sense to his father’s sense of mission, and by 1926 he was running a chain of 428 grocery stores throughout California and the Pacific Northwest. People flocked to Skaggs’s stores, not only for the cash-and-carry plan which his father helped to create, but because Skaggs used every inch of store space to stock a large variety of goods and worked hard to get quality meat and other perishables. Read more at https://en.wikipedia.org/wiki/Safeway

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