“Supervalu will become a smaller company, either through a total or partial break-up, which will leave the industry with a ‘Big Two’” — Kroger and Safeway, says Andrew Wolf, an at BB&T Capital Markets.
Kroger Co. and Safeway will realize gains in sales volume through the downsizing of Supervalu in 2013, said Andrew Wolf, a Richmond, Va.-based analyst at BB&T Capital Markets. Wolf — who correctly predicted at SN’s 2012 Analyst Roundtable that U.K.-based Tesco would pull the plug on its Fresh & Easy chain in the U.S. — said the traditional supermarket channel will evolve to more closely resemble the discount and drug store channels, where two large chains ...
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