Despite the rise in profit and net income during the first quarter, Minnesota-based grocer Supervalu pared its full-year earnings guidance in the face of a challenging operating environment. On a conference call with investors, CEO Jeff Noddle said, “This environment certainly is more volatile than we’ve had over a number of years … and it [...]
Germany-based Aldi plans to open up 28 new stores in Tennessee in the next few years, while Supervalu-owned Save-A-Lot reported a 30% increase in net earnings for the 4th quarter. Consumers are turning to these and other limited assortment stores in the face of sky-high food prices, which have increased across the board by 4% [...]
The Minneapolis-based company joins Kroger in offering a 10% bonus to shoppers purchasing gift cards with economic stimulus checks from the U.S. Treasury. Supermarket News USA Today (Apr. 25, 2008)
Coming off a strong, recent financial performance, SuperValu has identified three areas of concentration deemed to be key drivers of long-term growth. Progressive Grocer (Jan. 25, 2008)