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SuperValu (SVU -0.1%) trims its workforce by 800 positions with a majority of the cuts set to...

SuperValu (SVU -0.1%) trims its workforce by 800 positions with a majority of the cuts set to take effect by the end of the firm's fiscal year on Feb. 25. The company reiterates its goal to emphasis "hyperlocal" retailing and remain focused on investing capital into the growth of discount chain Save-A-Lot.
Comments (1)
  • smurf
    , contributor
    Comments (4707) | Send Message
     
    The last sentence about investing capital into growing Save-A-Lot is a positive sign. The first thing they should do is to put some stores into some middle class burbs. Currently, they are concentrated in urban working class areas (politically correct disclaimer--not that there is anything wrong with urban working class areas) some of which have to have security at night and all of which are subject to high shrink.
    7 Feb 2012, 05:04 PM Reply Like
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