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.

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