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 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.
Supervalu Inc., the Minnesota-based parent of the Chicago-based Jewel-Osco supermarkets and drugstores, has agreed to pay $3.2 million to settle a federal discrimination lawsuit filed on behalf of disabled employees.