LAS VEGAS — Supervalu is achieving year-over-year sales increases of at least 6% at remodeled stores formerly operated under the Albertsons banners, Jeff Noddle, chairman and chief executive officer, said here yesterday at a conference for its investors. Those returns are based on results from 61 former Albertsons-owned properties across the U.S. that have undergone major remodels in the last year or so, Noddle pointed out. The increases stem from improved store service, merchandising and the quality of offerings, as well as the company's ability to do a better job segmenting customer needs, Noddle said. It is those kinds of returns, he explained — and the expectation the company will complete between 300 and 400 similar remodels over the next 18 months — that enable him to predict that same-store sales could reach 3% or more by fiscal 2010, which for Supervalu begins in March 2009.
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