MINNEAPOLIS — Supervalu on Wednesday said it would close 50 struggling stores by next month and slash its capital budget for the coming fiscal year, as it continues to adjust to a rough economy. The news came as the retailer here reported a loss of $2.9 billion for the fiscal third quarter, which ended Nov. 29, impacted by a non-cash charge of $3.3 billion to reconcile the company’s book value to its beleaguered stock price. Excluding the adjustment, earnings were slightly above ...
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