Supervalu Cuts Major Remodels in Half

Supervalu plans to conduct major remodels at between 75 and 80 locations in the current fiscal year, down about 50% from last year, Jeff Noddle, chairman and chief executive officer of the Minneapolis-based company, told Barclays Capital's annual Retail and Restaurant Conference yesterday.

NEW YORK — Supervalu plans to conduct major remodels at between 75 and 80 locations in the current fiscal year, down about 50% from last year, Jeff Noddle, chairman and chief executive officer of the Minneapolis-based company, told Barclays Capital's annual Retail and Restaurant Conference here yesterday.

Last year Supervalu spent $1.2 billion to complete 161 major remodels and 17 minor remodels and to open 14 conventional stores and 25 new limited-assortment stores. In additio

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