Safeway Inc. is an American supermarket chain with 2,200 stores. Safeway was founded in 1915 by M. B. Skaggs in American Falls, Idaho, as a Safeway store. Skaggs later merged his company with the 675 stores of Safeway’s predecessor, Sam Seelig Company, creating the Safeway chain we know today.
Safeway has been successful in extending its monopoly in the supermarket industry by implementing various growth strategies.
One such strategy has been to engage in vertical integration. Safeway has acquired or built manufacturing plants for many of the products it sells in its Supermarkets. This gives Safeway more control over its supply chain and allows the company to sell these products at a lower cost than its competitors.
Safeway has also expanded its product offerings. In addition to groceries, Safeway now sells gasoline, financial services, and even insurance. This diversification has allowed Safeway to tap into new markets and grow its customer base.
Conclusion: Is Safeway extending monopoly?
Yes, Safeway is extending its monopoly in the supermarket industry by implementing various growth strategies such as vertical integration and expanding its product offerings.
