NEW YORK — Supervalu is trying to facilitate the expansion of its Save-A-Lot banner by looking for ways to reduce the costs for licensees to open new stores. Speaking to investors at the Bank of America Merrill Lynch Credit Conference here last week, David Oliver, vice president of investor relations for Minneapolis-based Supervalu, said the company wants to bring the average cost of opening a new Save-A-Lot “from the $1 million range down to the $800,000 range.” As previously reported, ...
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.