Safeway (SWY -9.7%) blames the Easter bunny for holding back Q2 sales, saying consumers spent...

|About: Safeway Inc. (SWY)|By:, SA News Editor

Safeway (SWY -9.7%) blames the Easter bunny for holding back Q2 sales, saying consumers spent for the holiday but held off buying for the next three weeks awaiting their next paycheck. In the soft economy, the difference in sales between the beginning and end of pay periods is exaggerated, CEO Steve Burd says, "approaching double digits" percentage-wise.