Supervalu Eyes Potential Sale, Slashes Spending to Cut Prices

“We need to move faster to execute our strategy. The competitive environment we’re in demands that we do better.” — Craig Herkert, CEO of Supervalu

MINNEAPOLIS — Supervalu last week said it would seek strategic alternatives including a potential sale of all or part of the company as part of sweeping plans to slash expenses and capital spending and increase price investments that one analyst termed a “shift to survival mode.”

Craig Herkert

Register to view the full article

TAGS: Supervalu
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.