While a 3.7% decline in identical-store sales during the first quarter ended June 16 was not unexpected, the revelation that Supervalu’s discount Save-A-Lot stores suffered same-store sales declines of 3.4% was especially disappointing, analysts said. (Supervalu for the first time last week presented Save-A-Lot as a separate segment in its financial statements, a move it said provided investors with additional visibility to its discount operations and analysts felt signaled a new ...

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