Supervalu Cites Progress; Remerchandising Begins

Despite lower sales, Supervalu here said last week it is pleased by its progress in promotional spending and expense controls, though it may take up to 18 months for improvements at the store level to show up in reported financial results. Analysts said they are taking a wait-and-see attitude on the wisdom of the company's strategies. According to Craig Herkert, president and chief executive

MINNEAPOLIS — Despite lower sales, Supervalu here said last week it is pleased by its progress in promotional spending and expense controls, though it may take up to 18 months for improvements at the store level to show up in reported financial results.

Analysts said they are taking a wait-and-see attitude on the wisdom of the company's strategies.

According to Craig Herkert, president and chief executive officer, the focus at Supervalu going forward will be to install

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: Supervalu