Ajay Jain, an analyst covering Supervalu for Cantor Fitzgerald, in a research note last week said the move to close stores was a “very small but important step” toward rationalizing operations. “The much larger question in relation to the ongoing strategic review process remains whether Supervalu can identify suitable buyers for major pieces of its retailing and wholesaling operations (or for the entire integrated business),” he said. John Heinbockel of ...

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