MINNEAPOLIS — Supervalu’s stock was down by around 50% in afternoon trading Thursday following the retailer’s announcement late Wednesday that it had engaged financial advisors to seek a potential sale of the company and that it was withdrawing sales and earnings guidance for the year to engage in a price-investment program likely to adversely impact profits. Analysts had mixed reaction to the news, expressing skepticism that its sales initiatives would improve results ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

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.

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.