Supervalu has elected Rite Aid chairman, president and CEO John Standley and Cerberus COO and general counsel Mark A. Neporent to its board of directors.
Supervalu reported sales of $3.89 billion and a loss of $1.41 billion in fourth quarter 2013, compared with sales of $3.98 billion and a loss of $424 million in fourth quarter 2012.
The breakup of Supervalu to private equity firm Cerberus Capital Management could be announced as soon as Thursday when Supervalu shares third-quarter results with analysts, according to a report in the Wall Street Journal published Friday.
Supervalu on Monday announced Robert Bly will join the company as president of Shoppers, a 56-store division in the Baltimore/Washington, D.C., market.
Supervalu banner Shaw's announced that two of its Rhode Island locations diverted more than 90% of store waste from local landfills as part of the company's zero-waste program.
When Craig Herkert left Walmart a few years ago to become president and CEO of Supervalu the situation that unfolded earlier this week at the grocer was not what he had in mind.
Save-A-Lot, a wholly owned subsidiary of Supervalu, on Monday launched a national search for a team of two interns to serve as brand ambassadors — or more aptly titled Road Scholars — for its 2012 Fuel Your Family Road Trip campaign.
Supervalu is moving ahead with its sustainability efforts by increasing the number of stores that will divert 90% or more of their waste from local landfills by the end of the current fiscal year.
Supervalu, which already has committed to providing customers with sustainably-sourced wild-caught seafood, has taken the next steps to ensure its farm-raised seafood is also sourced responsibly.
Supervalu on Monday announced that its new Essential Everyday private-label brand — to include more than 2,400 products by early 2013 — now is available in select independent retail locations.
Supervalu continues to implement its strategic plan to remove permanent expenses and cut down operating costs with plans to reduce its national work force by an estimated 800 positions.