SAVE MART SUPERMARKETS, Modesto, Calif., said last week it has entered into an agreement with the northern division of Lucky Stores, San Leandro, Calif., to purchase 10 units in central California. The acquisition, which is expected to be completed in July, will boost Save Mart's store total to 103. Lucky said it is selling the stores after evaluating its position in central California and deciding to concentrate its resources in markets where it holds a larger market share.
store under consideration.
SUPERVALU, Minneapolis, said last week it will begin outsourcing its diverting operation next month, switching from an in-house program to Purity Wholesale Grocers, a diverter based in Boca Raton, Fla. The distributor said the change "allows the company to remain competitive and increase its diverting activity and revenues without the outlay of capital for technology required to stay current and efficient in this segment of the business."
A LAWSUIT AGAINST Sloan's Supermarkets, New York, has been certified as a class action by the U.S. District Court for the southern district of New York. The suit, filed in mid-1994, charges the company and its chairman, John A. Catsimatidis, with fraud and breach of fiduciary duties over alleged omissions in disclosure concerning a 1994 antitrust investigation by the Federal Trade Commission involving Sloan's acquisition of certain supermarkets. The defendants have denied the allegations.
