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Supervalu News Elicits Strong Reader Reaction
The announcement late Wednesday that Supervalu could sell all or parts of the company has attracted widespread scrutiny from readers on SN’s website.
July 12, 2012
2 Min Read
NEW YORK — The announcement late Wednesday that Supervalu could sell all or parts of the company has attracted widespread scrutiny from readers on SN’s website.
A steady stream of observations and comments followed SN’s online story detailing Supervalu’s announcement, in which Craig Herkert, the company’s chief executive officer, discussed Q1 results and sweeping plans to slash expenses and capital spending and explore strategic alternatives.
More Supervalu news: Supervalu Seeks Fresh Spark With Executive Shake-Up
A number of SN readers traced Supervalu’s troubles to the $9.7 billion purchase of Albertsons in 2006.
“When they bought Albertsons they diversified into a realm they didn't have a clear vision on,” read one comment.
Many respondents also believe that the company compromised itself by the move from wholesale into retail.
Said one reader of Supervalu’s entry into grocery retailing: “Supervalu's wholesaler mentality has never allowed it to be a good retailer.”
A self-described Supervalu employee wrote that “Supervalu should stay focused on the wholesale business and stop trying to be a retailer. Wholesale is what this company is and it is what this company has always done best.”
What’s your opinion? Click HERE to read the comments at the end of the story, then weigh in with your thoughts.
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