Supervalu faces skeptics as retail struggles continue

Supervalu faces skeptics as retail struggles continue

Supervalu officials on Wednesday faced down skeptics on the prospect of improving its ailing retail stores division enough to meet projected financial results for the fiscal year.

Speaking at a conference call reviewing the company’s second-quarter earnings released Wednesday morning, CEO Mark Gross and COO Bruce Besanko pointed to encouraging signals within the retail business, despite the units posting an operating loss of $8 million on $1 billion in sales which included ide

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