Supervalu's Albertsons Need More Investment

MINNEAPOLIS Supervalu here said last week it expects to invest $1.2 billion in capital spending during fiscal 2008 as part of a four- or five-year spending effort to boost results at the Albertsons stores it acquired last June. The company also said it was considering selling its 15 Jewel-Osco stores in the Milwaukee market. Investors seemed more concerned with present realities than future possibilities

MINNEAPOLIS — Supervalu here said last week it expects to invest $1.2 billion in capital spending during fiscal 2008 as part of a four- or five-year spending effort to boost results at the Albertsons stores it acquired last June.

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