NEW YORK — Supervalu will likely increase the percentage of owned Save-A-Lot stores to licensed locations, at least in the near term, to meet growth goals for the limited-assortment chain, Pamela Knous, chief financial officer, said in a presentation at the Citibank Food & Drug Retail Conference here Tuesday. The company historically has owned 20% of its stores, with 80% run by licensees. Minneapolis-based Supervalu has said it plans to double the 1,200-store Save-A-Lot chain over five ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.