Craig Herkert, president and chief executive officer of Minneapolis-based Supervalu, is laying the foundation for the company's long-term future through an eight-point turnaround strategy.“There's a great deal of work ahead, but I'm confident Supervalu is turning the corner,” he told financial analysts at the company's investor conference in early May. More
WEST BRIDGEWATER, Mass. — Shaw’s, a division of Supervalu, Monday launched its Sizzlin’ Summer Giveaway promotion, in which customers collect game tickets for a chance to win prizes such as cars, boats, vacations, gift cards, free products and cash, including a guaranteed $1 million....More
Safeway, Kroger Co. and Supervalu closed dozens more traditional stores than they opened last year, according to documents filed with the Securities and Exchange Commission, continuing a trend that has seen them collectively shed hundreds of locations in recent years. At the same time, operators at both the high and low end — including Supervalu’s Save-A-Lot discount banner — have continued adding new stores and remain committed to aggressive expansion....More
DENVER — Around 15,000 workers at King Soopers, Safeway, Albertsons, Smith Foods and City Market stores in Colorado and Wyoming have ratified a two-year contract extension, United Food and Commercial Workers Local 7 here said Wednesday....More
MINNEAPOLIS — Supervalu here said Tuesday that Tim Lowe, president of the company’s Shoppers Food & Pharmacy banner, has been named senior vice president of merchandising at the parent company....More
NEW YORK — Estimated multi-employer pension-plan funding shortfalls will weaken the financial leverage metrics of U.S. supermarkets, but most companies’ debt ratings will not be affected, Moody’s said Tuesday....More
EDEN PRAIRIE, Minn. — Supervalu on Thursday said it would close its distribution center in Xenia, Ohio, and consolidate the business with a larger facility in Fort Wayne, Ind....More
MINNEAPOLIS — Supervalu here saved almost $66,000 on repair, liability and workers’ compensation costs in the trucking operation at one of its distribution centers during the first year of a pilot for an onboard camera system....More
MINNEAPOLIS — Shares of Supervalu were trading down Monday following a Goldman Sachs report suggesting the retailer may encounter more trouble than the financial community expects realizing the benefits of its ongoing turnaround....More
