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Supervalu said Tuesday it has added two new executives: Chuck Elias was named group vice president, strategic planning, and Keith Wyche was named president of the Cub Foods chain.
Despite lower sales, Supervalu said Tuesday it is pleased with the progress it is making on improving promotional spending and expense controls, though it may take up to 18 months for store-level improvements to show up in reported financial results.
Despite a same-store sales decline 6.5% and a 9.8% drop in total sales for the fiscal third quarter, Supervalu here on Tuesday said aggressive cost controls and stabilization of margins allowed it to report net income of $109 million for the period.
Albertsons and its parent company, Minneapolis-based Supervalu, were able to drive hundreds of millions in savings using the Six Sigma quality control systems, Jim Gentile, former senior vice president of Six Sigma Quality at Supervalu, said in a...
The traditional axiom that supermarkets are a defensive sector that investors flock to in a weak economy went out the window in 2009. Shell-shocked stock-market players who pulled their money out in late 2008 in the wake of the real estate and...
MINNEAPOLIS — Supervalu on Friday said it has named Steve Jungmann as its new executive vice president of merchandising, filling a position that had been vacant since the departure in October of Duncan Mac Naughton, who left Supervalu to...
A California investment company has acquired a 25% ownership stake in A&P by gobbling up shares on the open market. Aletheia Research & Management, Santa Monica, Calif., in a disclosure statement with the Securities and Exchange Commission last...
The biggest industry news stories of the year for the most part revolved around how food retailers coped with the recession. For many that meant slashing prices and ramping up private-label promotions and selection in an effort to keep cash...