SUPERVALU: RETAIL GAINS TO OFFSET KMART LOSS

Supervalu, Minneapolis, said it is preparing for life after Kmart by looking to bolster its own retail operations.Jeff Noddle, Supervalu president and chief operating officer, told investment analysts at the Credit Suisse First Boston Food & Drug Conference in New York that the company's retail sales had grown 17% to $9 billion last year.He also said Supervalu had been preparing for weeks for the

Supervalu, Minneapolis, said it is preparing for life after Kmart by looking to bolster its own retail operations.

Jeff Noddle, Supervalu president and chief operating officer, told investment analysts at the Credit Suisse First Boston Food & Drug Conference in New York that the company's retail sales had grown 17% to $9 billion last year.

He also said Supervalu had been preparing for weeks for the loss of its biggest wholesale customer, the Troy, Mich.-based mass merchand

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