MINNEAPOLIS — Shares of Supervalu here tumbled nearly 15% yesterday after the retailer revised its sales and earnings outlook downward for the year and took a one-time, $1.6 billion goodwill and asset impairment charge to second-quarter results. "Given the slower than anticipated economic recovery, we see a longer timeline for our corporate initiatives to gain traction," said Craig Herkert, president and chief executive officer, in a conference call with analysts. The company cited ...

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.