Duncan: Supervalu ‘off to solid start’
Supervalu, Minneapolis, said Thursday fiscal 2015 is “off to a solid start” following release of financial results for the first quarter ended June 14. read more Supermarket News
Tag: Supervalu
Supervalu commences Rainbow conversions
Supervalu has begun the transition of 18 Twin Cities area Rainbow stores acquired by the wholesaler and its independent customers from Roundy’s Supermarkets earlier this year. read more Supermarket News
Kellogg’s rep pleads guilty to defrauding Supervalu
A former Kellogg’s sales manager has pled guilty to a scheme by which he defrauded his employer and supplier Supervalu by filing phony deal sheets on behalf of a conspiring … Continue Reading →
Supervalu to continue price investments
Supervalu plans to continue making price investments in its Save-A-Lot stores to get closer to Aldi pricing, Bruce H. Besanko, EVP and CFO, told Wall Street investors Wednesday. read more … Continue Reading →
Moody’s upgrades Supervalu ratings
Moody’s Investors Service, New York, said Thursday it has upgraded Supervalu’s debt ratings and changed the company’s outlook to positive. read more Supermarket News
Supervalu leads Rainbow acquisition
Supervalu, in partnership with four Twin Cities-area independent retailers, said Wednesday that the group has agreed to acquire 18 Rainbow Foods grocery stores from Milwaukee-based Roundy’s for about $ 65 … Continue Reading →
Supervalu seen back on track
Investments in pricing, a shift toward decentralization, and efficiencies in wholesaling are beginning to pay dividends for the reconstituted Supervalu, analysts said. read more Supermarket News
Supervalu names board replacements
Supervalu said Frank A. “Terry” Savage and Mathew M. Pendo have been elected to the company’s board of directors. read more Supermarket News
Supervalu posts gains in comps, profits
Supervalu said Wednesday that fourth-quarter identical-store sales were up 2.1% at Save-A-Lot and 0.2% at its more traditional supermarkets, helping drive net income of $ 26 million for the period. … Continue Reading →
Supervalu completes amendment of credit facility
Supervalu said Friday it has completed the re-pricing, amendment and extension of its $ 1-billion asset-based revolving credit facility read more Supermarket News