Upside of Albertsons Remodels Greater than Expected

NEW YORK -- Supervalu is seeing more upside from remodeling activity at its Albertsons stores in Southern California than it anticipated at the time it acquired them, Jeff Noddle, chairman and chief executive officer, said yesterday in a presentation at the 13th Annual Retail, Restaurant and Consumer Conference sponsored by Bear Stearns here.

NEW YORK -- Supervalu is seeing more upside from remodeling activity at its Albertsons stores in Southern California than it anticipated at the time it acquired them, Jeff Noddle, chairman and chief executive officer, said yesterday in a presentation at the 13th Annual Retail, Restaurant and Consumer Conference sponsored by Bear Stearns here. "Most of those stores had not been touched in 10 years," he said. “Albertsons had put money into technology and systems but not much ag

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