Supervalu said two of its directors, Mark Neporent and Lenerd Tessler, have resigned from the board because of their ties to Cerbrus Captial Management, which announced Thursday that it is buying Safeway, a Supervalu competitor, through its AB Ac...
“I think there’s a healthy level of skepticism [about conventional supermarket stocks] across all investors, because they had performed so well in 2013. People look at the performance of Safeway or Kroger or Supervalu, and they say...
In a year of intense merger and acquisition activity for food retailers, it’s not surprising that many of the most-read stories on SN’s website in 2013 were related to such strategic maneuvering. A story about Costco’s plans for growth turned out...
Traditional supermarket chains will continue to outpace Wal-Mart Stores in same-store sales growth in 2014, assuming the economic recovery continues in a similar fashion, said Andrew Wolf, a Boston-based analyst with BB&T Capital Markets.
“If we...
Related story: 75 and Counting: Albertsons Comes Roaring Back
“It is readily apparent that the changes [Save-A-Lot CEO] Ritchie Casteel and his team are implementing ... as well as the investments in price we’ve made are favorably impacting the Save-A-Lot business."...
“The perception among investors late last year was that supermarkets were in perpetual decline, but that perception changed during the first half of this year as comparable-store sales were positive for most companies and margins got a...
A new wave of consolidation is realigning the power players
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