NEW YORK - Supervalu said here yesterday it plans to maintain an aggressive pace of store remodeling in fiscal 2008 while sticking to its commitment to limit debt repayment to $400 million a year. "If we can generate additional cash, we will probably try to get more remodels done more quickly rather than paying down more debt, because the upside is better than we thought," Jeff Noddle, chairman and chief executive officer of the Minneapolis-based distributor, told an analysts conference ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.