SUPERVALU REPORTS PRICE DEFLATION DUE TO TRADING DOWN

WHITE SULPHUR SPRINGS, W.Va. -- For the first time in recent memory, a slight price deflation in the mix of goods sold by Supervalu, Minneapolis, was registered in May, according to Jeff Noddle, Supervalu chairman, president and chief executive officer. The issue of price deflation is looming large now throughout the food-distribution industry. Noddle's observation about declining prices was made

WHITE SULPHUR SPRINGS, W.Va. -- For the first time in recent memory, a slight price deflation in the mix of goods sold by Supervalu, Minneapolis, was registered in May, according to Jeff Noddle, Supervalu chairman, president and chief executive officer. The issue of price deflation is looming large now throughout the food-distribution industry. Noddle's observation about declining prices was made in response to a question posed after his presentation to a workshop session at this month's Groc

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TAGS: Supervalu