MINNEAPOLIS — It didn't take long for Craig Herkert, Supervalu's new chief executive officer, to pull the trigger on divesting some of the company's assets. Just two months into his new role, Herkert last week announced that Supervalu, struggling amid declining sales and profits, had reached an agreement to sell 36 Albertsons stores in Utah to Associated Food Stores, the Salt Lake City-based cooperative wholesaler. The specific terms were not disclosed, but Supervalu, based here, said it ...
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.