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Financial results in the second half of 2010 are likely to be very similar to what the industry experienced in the first half, with few indications the economy is recovering, industry analysts told SN. The first half was a tough period for the...
Autumn has brought a cool gust of price competition to New England. In Revere, Mass., last week, a 32-year-old Johnnie's Foodmaster conventional store reopened under the Save-A-Lot banner. In New Bedford, Mass., a 95,000-square-foot new Market...
SHARES OF PUBLICLY TRADED food retailers have largely lagged the market overall during the third quarter, although for the most part they have enjoyed a September surge in concert with the major indices. The three largest traditional supermarket...
Supervalu will continue to play defense unless it divests some of its retail properties, according to analysts at the 15th annual SN analysts' roundtable. I think Supervalu would like to see itself as a smaller company, Neil Currie, executive...
MINNEAPOLIS - Supervalu here has 2,450 corporate stores across 11 banners, so it would seem that selecting a site for a new store, as well as designing and building the store, would be fairly routine process. But five Supervalu executives painted...
MINNEAPOLIS — Supervalu here on Tuesday said it is restructuring jobs in its enterprise merchandising department. As a result, approximately 74 positions will be eliminated, and approximately 50 new positions will be created. Associates who...
MINNEAPOLIS — Supervalu today announced a strategic relationship with Tata Consultancy Services, an IT services, business solutions and outsourcing organization in Mumbai, India, resulting in the sale of Supervalu India to TCS.
Moody's Investor Service here said Wednesday it has placed the Ba3 corporate family rating of Supervalu and the senior unsecured debt ratings for the company and its subsidiaries on review for possible downgrade based on concerns the credit...