NEW YORK — Supervalu plans to conduct major remodels at between 75 and 80 locations in the current fiscal year, down about 50% from last year, Jeff Noddle, chairman and chief executive officer of the Minneapolis-based company, told Barclays Capital's annual Retail and Restaurant Conference here yesterday. Last year Supervalu spent $1.2 billion to complete 161 major remodels and 17 minor remodels and to open 14 conventional stores and 25 new limited-assortment stores. In addition to the 75 ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.