MINNEAPOLIS — Supervalu on Wednesday said its board of directors would seek strategic alternatives including the sale of all or parts of the company while announcing sweeping plans to slash expenses and capital spending after first quarter financial results fell well below expectations. The retailer said it would reduce fiscal 2013 capital expenditures from earlier estimates of $675 million to $450 to $500 million and seek additional operating expense cuts of $250 million over the ...
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.