NEW YORK — Supervalu's attempt to “hyper-localize” its stores is changing the role — and the potential compensation — of its store managers. Store managers who succeed in meeting sales and earnings goals under the retailer's “hyper-local” strategy launched earlier this year can more than double their previous bonuses, Sherry Smith, Supervalu's chief financial officer, said in remarks at the Goldman Sachs Global Retailing Conference here last week. The strategy involves turning control of ...
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