Save-A-Lot Cuts Opening Costs

NEW YORK Supervalu is trying to facilitate the expansion of its Save-A-Lot banner by looking for ways to reduce the costs for licensees to open new stores. Speaking to investors at the Bank of America Merrill Lynch Credit Conference here last week, David Oliver, vice president of investor relations for Minneapolis-based Supervalu, said the company wants to bring the average cost of opening a new Save-A-Lot

NEW YORK — Supervalu is trying to facilitate the expansion of its Save-A-Lot banner by looking for ways to reduce the costs for licensees to open new stores.

Speaking to investors at the Bank of America Merrill Lynch Credit Conference here last week, David Oliver, vice president of investor relations for Minneapolis-based Supervalu, said the company wants to bring the average cost of opening a new Save-A-Lot “from the $1 million range down to the $800,000 range.”

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