NEW YORK (AP) — 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. SuperValu Inc. has been getting smaller in recent years, selling its Albertson’s, Jewel-Osco and other chains.READ MORE: Hawkeyes Thwart Gophers Comeback Bid For 81-71 Victory
Rival chains have been combining. Last month, the owner of Stop & Shop and Giant stores said it will merge with the parent company of Food Lion to operate 6,500 stores around the world.READ MORE: Man Arrested In Willmar After Fleeing Traffic Stop, Firing At Officer
Save-A-Lot has more than 1,300 stores around the country, selling fresh meat, vegetables and other groceries. Eden Prairie, Minnesota-based SuperValu distributes grocery items to nearly 3,600 stores and also operates the Cub Foods and Shop ‘N Save chains.MORE NEWS: Proposed Science Museum In Fargo-Moorhead Gets $1 Million Gift
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