MINNEAPOLIS — Supervalu here said Tuesday that first-quarter net income fell more than 40%, to $67 million, as sales slid 9.45%, compared with year-ago results. Identical-store sales declines of 7.2% and the sale of some locations helped drive a 9.6% decrease in total retail sales for the period, while revenues from supply-chain services fell 7.9%, to $2.6 billion, primarily reflecting Target's switch to self-distribution. The company said that after adjusting for market exits and the ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Salary Survey 2015

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.

Click here to read the FAQ page if you have any questions (opens in a new window)

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.

Already registered? here.