Supervalu Sees Slow Recovery

MINNEAPOLIS — Shares of Supervalu here tumbled nearly 15% yesterday after the retailer revised its sales and earnings outlook downward for the year and took a one-time, $1.6 billion goodwill and asset impairment charge to second-quarter results.

MINNEAPOLIS — Shares of Supervalu here tumbled nearly 15% yesterday after the retailer revised its sales and earnings outlook downward for the year and took a one-time, $1.6 billion goodwill and asset impairment charge to second-quarter results.

"Given the slower than anticipated economic recovery, we see a longer timeline for our corporate initiatives to gain traction," said Craig Herkert, president and chief execut

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