SuperValu May Spin Off Save-A-Lot Into Separate CompanySuperValu 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 May Spin Off Save-A-Lot Into Separate CompanySuperValu 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.
SuperValu Beats 4Q Profit ForecastsSuperValu Inc. (SVU) on Tuesday reported fiscal fourth-quarter profit of $39 million. The Eden Prairie, Minnesota-based company said it had profit of 14 cents per share. Earnings, adjusted for one-time gains and costs, came to 24 cents per share.
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Supervalu: Hackers Stole Credit Card Data From Cub FoodsCard data of Supervalu and Albertsons shoppers may be at risk in another hack, the two supermarket companies said Monday.
'The Nerdery' Hosts Cyber-Security Conference In BloomingtonIt's estimated that more than a 1,000 U.S. businesses have been hit by a cyber attack -- and don't even know it. That's according to the U.S. Secret Service. Such attacks that have hit Target and Supervalu were the inspiration behind a security conference in Bloomington Saturday.
Supervalu: Hackers Accessed Network That Processes Card Payments Another Minnesota-based company is trying to figure out how it fell victim to hackers. Supervalu, which owns Cub Foods stores across Minnesota, said hackers accessed a part of its computer network that processes payment card transactions.
Potential Data Breach Revealed By SupervaluTA data breach at Supervalu may have impacted as many as 200 of its grocery and liquor stores and potentially affected retail chains recently sold by the company in two dozen states.
Supervalu Pressures Farmers To End Use Of Pig PensOne of the country's largest grocery companies is joining others who are pressuring pork suppliers to stop using restrictive gestation crates for their pigs. Supervalu says it will require reports from its suppliers on their progress in producing pork without the use of the individual stalls that are too narrow for a pregnant pig to turn around.
Supervalu Returns To Profit In 2Q, Tops Street Supervalu returned to a profit in its fiscal second quarter after posting a loss in the same period a year ago due to a large charge. Its adjusted profit and revenue beat analysts' expectations. Shares climbed more than 6 percent premarket trading Thursday.
Good Question: Minnesota & Fortune 500 Companies It’s a source of pride for many Minnesotans – the number of Fortune 500 companies that call Minnesota home. “We live in an amazing state, so I thought a big percentage were here,” said Diane Anderson, of Minneapolis.
OfficeMax CFO Leaves To Join SuperValuOffice supplies retailer OfficeMax Inc. said Wednesday that its Chief Financial Officer Bruce Besanko is leaving to take the same role at supermarket chain Supervalu Inc.