Supervalu Eyes Robust Store-Remodeling Plans

NEW YORK Supervalu said last week it plans to maintain an aggressive pace of store remodeling next year while sticking to its commitment to pay down debt at a rate of $400 million a year. If we can generate additional cash, we will probably try to get more remodels done more quickly rather than paying down more debt each year because the upside is better than we thought, Jeff Noddle, chairman and

NEW YORK — Supervalu said last week it plans to maintain an aggressive pace of store remodeling next year while sticking to its commitment to pay down debt at a rate of $400 million a year.

“If we can generate additional cash, we will probably try to get more remodels done more quickly rather than paying down more debt each year because the upside is better than we thought,” Jeff Noddle, chairman and chief executive officer of the Minneapolis-based distributor, told an analysts

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