SUPERVALU SOUNDS EARNINGS WARNING

MINNEAPOLIS -- Citing softer consumer spending as a result of soaring fuel prices, Supervalu here last week said profits would be lower than expected during its current quarter and fiscal year. In addition, the retailer-distributor said it would seek to sell all 20 of its corporate-owned Shop n' Save stores in Pittsburgh, preferably to independent Shop n' Save operators.In an interview with SN last

MINNEAPOLIS -- Citing softer consumer spending as a result of soaring fuel prices, Supervalu here last week said profits would be lower than expected during its current quarter and fiscal year. In addition, the retailer-distributor said it would seek to sell all 20 of its corporate-owned Shop n' Save stores in Pittsburgh, preferably to independent Shop n' Save operators.

In an interview with SN last week, Ed Armbuster, president of Supervalu's Shop n' Save stores in Pittsburgh, said u

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