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Supervalu gave “false and misleading” financial guidance that helped the retailer raise $1 billion through the debt market before a downward revision sent its stock reeling, according to allegations in a lawsuit filed here Monday.
The retirements last week of two top Supervalu executives and the reassignment of others signal the beginning of a new, more retail-oriented phase at the company, analysts told SN. Supervalu said last week Mike Jackson, president and chief...
Supervalu went outside the company to hire Craig Herkert as its chief executive officer because we felt he was the best executive available at the time, Jeff Noddle, executive chairman, told the company's annual meeting here. The board spent 15...
FOR 24 NORTH AMERICAN FOOD RETAILERS TRACKED BY SN, AT THE CLOSE WEDNESDAY, JUNE 24, 2009 MARKET SUMMARY gainers 9 losers 15 unchanged 0 MOST ACTIVE BY VOLUME Wal-Mart 74,403,074 Kroger 38,661,428 Target 32,426,908 AS PERCENTAGE OF SHARES...
Supervalu last week warned investors that its first-quarter earnings would be significantly below previous expectations, which some analysts suggested could accelerate an effort to sell off some operations. The asset base needs repositioning and...
Several speakers at the CIES World Food Business Summit here this month addressed the topic of nutrition and product labeling, perhaps a reflection of what one presenter described as a growing consumer movement surrounding food. I think we are in...
Jewel-Osco, a division of Supervalu here, has received GreenChill Gold Certification from the U.S. Environmental Protection Agency, recognizing the store’s eco-friendly refrigeration system, for a recently opened “green” store on...
Supervalu yesterday warned investors that its
first-quarter earnings would be significantly below previous expectations,
and the news sent the company's stock down about 12%.