SUPERVALU completes the acquisition of Associated Grocers of Florida for $193 million

MINNEAPOLIS, 2017-Dec-12 — /EPR Retail News/ — SUPERVALU INC. (NYSE: SVU) today (Dec. 8, 2017) announced it has completed the previously announced acquisition of Associated Grocers of Florida, Inc. in a transaction valued at approximately $193 million. Associated Grocers of Florida adds a dynamic grocery wholesaler to SUPERVALU’s growing national distribution network with annual sales of approximately $650 million in its last fiscal year […]

SUPERVALU to participate in Barclays “Eat, Sleep, Play – It’s Not All Discretionary” Conference in New York

MINNEAPOLIS, 2017-Nov-29 — /EPR Retail News/ — SUPERVALU INC. (NYSE: SVU) will participate in next week’s Barclays “Eat, Sleep, Play – It’s Not All Discretionary” Conference in New York. President and CEO Mark Gross and Executive Vice President, Chief Strategy Officer and Interim Chief Financial Officer Rob Woseth will address investors at approximately 8:00 a.m. (Eastern Time) on Wednesday, December 6, 2017. A live webcast of this […]

SUPERVALU promotes Anne Dament to Executive Vice President, Retail, Marketing and Private Brands

MINNEAPOLIS, 2017-Nov-15 — /EPR Retail News/ — SUPERVALU INC. (NYSE:SVU) today (Nov. 13, 2017) announced changes to its executive leadership team. Anne Dament has been promoted to Executive Vice President, Retail, Marketing and Private Brands effective immediately. Dament joined SUPERVALU in January 2017 and has made significant contributions to SUPERVALU, including developing a strong plan and implementation strategy to improve the company’s retail […]

SUPERVALU acquisition of Unified Grocers now complete

MINNEAPOLIS, 2017-Jun-26 — /EPR Retail News/ — SUPERVALU INC. (NYSE: SVU) today (Jun. 23, 2017) announced it has completed the previously announced acquisition of Unified Grocers, Inc. in a transaction valued at $390 million, comprised of $114 million in cash to Unified Grocers’ shareholders for 100 percent of the outstanding stock of Unified Grocers plus the […]

SUPERVALU President and CEO Mark Gross to address investors at RBC Capital Markets Consumer and Retail Conference

MINNEAPOLIS, 2017-May-24 — /EPR Retail News/ — SUPERVALU INC. (NYSE: SVU) will participate in next week’s RBC Capital Markets Consumer and Retail Conference in Boston. President and CEO Mark Gross will address investors at approximately 9:20 a.m. (Eastern Time) on Wednesday, May 31, 2017. A live webcast of this event will be available through the SUPERVALU […]

Supervalu Finishes Fiscal 2017 With Momentum

Fourth quarter net earnings from continuing operations of $6 million; adjusted EBITDA of $124 million Fourth quarter net earnings per share from continuing operations of $0.02; adjusted earnings per share of $0.13 Completion of Save-A-Lot sale in fourth quarter strengthened balance sheet Agreement to acquire Unified Grocers announced in April 2017 Total outstanding debt and […]

SUPERVALU Foundation donates $1 million to nonprofits for hunger and food-related relief efforts across the country

EDEN PRAIRIE, Minn., 2017-Feb-11 — /EPR Retail News/ — SUPERVALU INC. (NYSE: SVU) today (Feb. 9, 2017) announced that the SUPERVALU Foundation will donate $1 million to 34 nonprofits that provide hunger and food-related relief to those in need in local communities across the country. The $1 million in donations will benefit local communities in […]

SUPERVALU INC. announces the appointment of Anne Dament as SVP of Retail, Merchandising and Marketing

SUPERVALU INC. announces the appointment of Anne Dament as SVP of Retail, Merchandising and Marketing   MINNEAPOLIS, 2017-Jan-19 — /EPR Retail News/ — SUPERVALU INC. (NYSE:SVU) today (Jan. 18, 2017) announced that Anne Dament has been named Senior Vice President of Retail, Merchandising and Marketing effective immediately. In this role, Dament will lead the Company’s retail banner operations, oversee the […]

SUPERVALU finalized the sale of its Save-A-Lot business to Onex Corporation for $1.365 billion in cash

EDEN PRAIRIE, Minn., 2016-Dec-07 — /EPR Retail News/ — SUPERVALU INC. (NYSE: SVU) today (Dec. 5, 2016) announced it has finalized the sale of its Save-A-Lot business to an affiliate of Onex Corporation (TSX: ONEX) for $1.365 billion in cash, subject to customary closing adjustments. With the sale of Save-A-Lot, SUPERVALU is now a more […]

SUPERVALU to sell Save-A-Lot business to Onex Corporation for $1.365 billion in cash

MINNEAPOLIS, 2016-Oct-19 — /EPR Retail News/ — SUPERVALU INC. (NYSE:SVU) today (Oct. 17, 2016) announced that it has entered into a definitive agreement whereby an affiliate of Onex Corporation (TSX:OCX) will acquire SUPERVALU’s Save-A-Lot business for$1.365 billion in cash, subject to customary closing adjustments. In connection with the sale, SUPERVALU and Save-A-Lot will enter into a […]

SUPERVALU INC. lowers its outlook for full-year adjusted EBITDA

MINNEAPOLIS, 2016-Sep-09 — /EPR Retail News/ — SUPERVALU INC. (NYSE:SVU) today (Sep. 8, 2016) announced that it is lowering its outlook for full-year adjusted EBITDA(1). Although recently announced new business in its Wholesale segment is expected to begin to positively contribute to results later this fiscal year, second quarter business performance in its Retail and Save-A-Lot […]

SUPERVALU INC. to present at Goldman Sachs Global Retailing Conference in New York City

MINNEAPOLIS, 2016-Sep-01 — /EPR Retail News/ — SUPERVALU INC. (NYSE: SVU) will participate in next week’s Goldman Sachs Global Retailing Conference in New York City. President and Chief Executive Officer Mark Gross and Executive Vice President, Chief Financial Officer and Chief Operating Officer Bruce Besanko will address investors at approximately 11:20 a.m. (Eastern Time) on Thursday, September […]

James Weidenheimer named to SUPERVALU’s newly-created position of Executive VP, Corporate Development and Chief Innovation Officer

Company announces additional executive role changes and renaming of Independent Business segment to Wholesale MINNEAPOLIS, 2016-Apr-20 — /EPR Retail News/ — SUPERVALU INC. (NYSE:SVU) today announced that veteran wholesale executive James Weidenheimer, 57, has been named to the newly-created position of Executive Vice President, Corporate Development and Chief Innovation Officer, reporting to SUPERVALU President and Chief […]

SUPERVALU INC. announces the appointment of Mark Gross as its President and CEO

MINNEAPOLIS, 2016-Feb-08 — /EPR Retail News/ — SUPERVALU INC. (NYSE: SVU) today announced the appointment of Mark Gross as the Company’s President and Chief Executive Officer, effective February 5, 2016. Gross, age 52, will succeed Sam Duncanwho has previously announced he will be retiring. “Mark is a talented, strategic and results-driven leader with a wealth of […]