Supervalu to Pursue Aggressive Remodeling in Several Markets

NEW YORK - Supervalu said here yesterday it plans to maintain an aggressive pace of store remodeling in fiscal 2008 while sticking to its commitment to limit debt repayment to $400 million a year. "If we can generate additional cash, we will probably try to get more remodels done more quickly rather than paying down more debt, because the upside is better than we thought," Jeff Noddle, chairman and chief executive officer of the Minneapolis-based distributor, told an analysts conference here.

NEW YORK - Supervalu said here yesterday it plans to maintain an aggressive pace of store remodeling in fiscal 2008 while sticking to its commitment to limit debt repayment to $400 million a year. "If we can generate additional cash, we will probably try to get more remodels done more quickly rather than paying down more debt, because the upside is better than we thought," Jeff Noddle, chairman and chief executive officer of the Minneapolis-based distributor, told an analysts

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