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Safeway: California Grocery Strike Cost $103 Million in Fourth Quarter.

By Mike Freeman, The San Diego Union-Tribune Knight Ridder/Tribune Business News

Feb. 13--Safeway, owner of the Vons chain, put a price tag on the Southern California grocery strike for the first time yesterday, saying it cost the company $103 million during the fourth quarter.

The labor dispute, now in its 126th day, resulted in losses of $2 million a day during the quarter ended Jan. 3, the company said.

But chief executive Steven Burd told analysts that the red ink has slowed as the dispute has dragged on, reflecting that shoppers are return

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