MINNEAPOLIS — Supervalu here said Thursday it is rethinking its aggressive price-reduction efforts and weighing a more "holistic" approach to value. The revised effort comes as Supervalu posted a loss of $111 million in the fiscal second quarter on a 4.6% decline in sales, to $8 billion. Same-store sales in the company’s retail food division fell 4.3% for the quarter, and same-store sales in the Save-A-Lot division were down 3.7%. The loss for the 12-week quarter, ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.