SuperValu says it is considering spinning off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies.
SuperValu says it is considering spinning off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies. The company says the split will help each company focus on finding ways to grow.
Card data of Supervalu and Albertsons shoppers may be at risk in another hack, the two supermarket companies said Monday.
Supervalu is eliminating about 1,100 positions nationwide, or about 3 percent of its workforce, less than a week after the supermarket operator completed the sale of five of its grocery chains.
The future of supermarket chain Supervalu is becoming cloudier.
Supervalu Inc. said Tuesday that it swung to a loss in the fourth quarter as a result of impairment charges and costs related to store closures and layoffs. But excluding those items, the company’s results beat Wall Street’s expectations, sending its shares up 15 percent.
At least three national supermarket operators have decided to stop buying ground beef that contains the filler now known as “pink slime.”