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

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TAGS: Supervalu
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