MINNEAPOLIS — Supervalu last week said it would close 60 struggling stores including 19 Southern California Albertsons locations and 22 Save-A-Lot discount stores, in an effort to cut losses and generate cash from the sale of their underlying real estate. The company said the majority of the stores would close before Dec. 1. The moves reflect an initiative announced under Wayne Sales, its new chief executive officer, to move with greater urgency to reduce costs as it pursues ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.