Supervalu Boosts Cap-Ex Budget 26% to $1.2 Billion

MINNEAPOLIS -- Supervalu here said yesterday 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 in June.

MINNEAPOLIS -- Supervalu here said yesterday 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 in June. “Our goal is to have 80% of our fleet new or newly remodeled in the prior seven years, and the Supervalu legacy retail fleet is already at that metric,” Jeff Noddle, chairman and chief executive officer, said in a conference call discussing third-quar

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