When some Texas grocers complained earlier this year of price-slashing by Safeway Stores Inc., the Justice Department assigned five antitrust investigators to look into the chain's operations. The outcome: a federal grand jury in Fort Worth last week charged that Safeway's price cuts (10 Ib. bag of sugar: 69ยข) were an attempt to monopolize the retail grocery business in Texas and New Mexico cities.
In a three-count criminal indictment, Safeway was charged with waging price wars, selling goods below cost, and charging less for some items in Texas than it does elsewhere in the U.S. The indictment also charged that...
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