Supervalu Mulls Sale; 'Future Uncertain': Analyst

Supervalu Mulls Sale; 'Future Uncertain': Analyst

MINNEAPOLIS — Supervalu on Wednesday said its board of directors would seek strategic alternatives including the sale of all or parts of the company while announcing sweeping plans to slash expenses and capital spending after first quarter financial results fell well below expectations.

The retailer said it would reduce fiscal 2013 capital expenditures from earlier estimates of $675 million to $450

Register to view the full article

Already a member? .

Hide comments

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.
Publish