SUPERVALU POSTS RECORD NET FOR YEAR

MINNEAPOLIS -- Supervalu here said last week it will spend $515 million in fiscal 2000 on new stores, distribution improvements and information technology -- a boost of 0.6% from last year's expenditures of $512 million.The company also announced record sales and earnings for the year and fourth quarter ended Feb. 27, excluding an extra week in the prior fiscal year.The company said its spending plans

MINNEAPOLIS -- Supervalu here said last week it will spend $515 million in fiscal 2000 on new stores, distribution improvements and information technology -- a boost of 0.6% from last year's expenditures of $512 million.

The company also announced record sales and earnings for the year and fourth quarter ended Feb. 27, excluding an extra week in the prior fiscal year.

The company said its spending plans for the current fiscal year will break down as follows:

Expendit

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