The three photos above are of new Safeway stores opened in 1955, a very significant year in Safeway's 40-year long (at that point) history. In October 1955, longtime Safeway President Lingan A. Warren stepped down. Warren, as a Time magazine article put it, “built Safeway from nothing” during his 21 years at the chain’s helm. By the mid-50’s, however, despite store growth that would be impressive by any standard, profits were low as a result of Warren's pricing policies, and Safeway stockholders were restless. Enter Robert Magowan, a onetime Warren assistant and more recently a top manager at brokerage firm Merrill Lynch. Magowan, a dynamic, hard charging, customer-oriented executive also happened to have an important personal connection. He was the son-in-law of Charles Merrill, founder of Merrill Lynch, who personally controlled a huge block of Safeway stock.
Magowan began by, among other things, reversing two key Warren policies – a “to the death” resistance to trading stamps and a reluctance to move Safeway into shopping centers. Both moves, particularly the embrace of the booming shopping center movement, helped to catapult Safeway to new heights. By 1958, only three years into Magowan’s reign, Safeway’s profits were at the top of the heap in the supermarket industry.
These three stalwart examples of classic Safeway 50’s architecture are (top to bottom) from Walnut Creek, California, Phoenix, and Mill Valley, California. Mount Tamalpais looms in the background in the third photo.
Magowan began by, among other things, reversing two key Warren policies – a “to the death” resistance to trading stamps and a reluctance to move Safeway into shopping centers. Both moves, particularly the embrace of the booming shopping center movement, helped to catapult Safeway to new heights. By 1958, only three years into Magowan’s reign, Safeway’s profits were at the top of the heap in the supermarket industry.
These three stalwart examples of classic Safeway 50’s architecture are (top to bottom) from Walnut Creek, California, Phoenix, and Mill Valley, California. Mount Tamalpais looms in the background in the third photo.
