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  • Sep. 24, 2012, 12:33 PM
    Supermarket chains increase their focus on winning back healthy-oriented shoppers who have turned to Whole Foods Markets (WFM -0.5%) and farmers markers. Companies including Supervalu (SVU -0.2%), Kroger (KR +0.1%), and Safeway (SWY -0.7%) plan to introduce new organic food brands under private labels. Industry data shows that demand for organic food is still strong in the U.S. with 78% of families including the category as part of their shopping strategy.
    | Sep. 24, 2012, 12:33 PM | 3 Comments
  • Sep. 24, 2012, 9:27 AM
    A price war could be developing in the K-Cup market, according to retail analyst Howard Penney. The buzz is that Kroger (KR) is selling its store brand product at $6, an entry point that could pressure Green Mountain Coffee Roasters (GMCR), Supervalu (SVU), and Safeway (SWY) to trim prices on their single serve offerings.
    | Sep. 24, 2012, 9:27 AM | 9 Comments
  • Sep. 5, 2012, 4:38 PM
    Struggling Supervalu (SVU) says it will shut down 60 underperforming/non-strategic stores - 38 regular grocery stores, and 22 Save-A-Lot stores - by the end of this fiscal year (ends Feb. '13). The company expects to record an $80M-$90M pre-tax charge (mostly non-cash) related to the move, and a gain of $10M on asset sales. Cash savings are expected to total $35M within 12 months, and $80M-$90M over the next 3 years. Shares +3.1% AH. (labor issues)
    | Sep. 5, 2012, 4:38 PM | Comment!
  • Sep. 4, 2012, 10:57 AM
    Shares of Supervalu (SVU -5.5%) slump with the grocery operator's labor turmoils now starting to take center stage. A plan to sell off the company in pieces may look great on paper, but the 42% of Supervalu's workers who are in the middle of a collective bargaining process for new contracts muddy the water a bit.
    | Sep. 4, 2012, 10:57 AM | 3 Comments
  • Aug. 30, 2012, 5:57 PM
    Supervalu (SVU) says it's successfully completed two debt financing transactions, totaling $2.5B. The debt is structured in a new five-year $1.65B asset-based revolving credit facility, secured by the Company’s inventory, credit card receivables and certain other assets, and a new six-year $850M term loan, secured by a portion of the Company’s real estate and equipment.
    | Aug. 30, 2012, 5:57 PM | 4 Comments
  • Aug. 27, 2012, 12:05 PM
    Supervalu (SVU +1.5%) ratchets out another gain as the grocery store operators stays in focus as a potential target of M&A activity. Short interest in the battered stock has dropped consistently over the last month as a deal to sell itself - either in pieces or in its entirety - seems to be alternately dismissed or hyped by the Street.
    | Aug. 27, 2012, 12:05 PM | 2 Comments
  • Aug. 24, 2012, 10:10 AM
    UBS takes on the role of party pooper over the building buzz that Supervalu (SVU) could be sold off, either in its entirety or in pieces. The firm sees a deal unlikely at a choice premium due to Supervalu's debt load and calls a turnaround the most likely scenario. SVU +9.1% to $2.35.
    | Aug. 24, 2012, 10:10 AM | 1 Comment
  • Aug. 24, 2012, 6:44 AM
    Northcoast Research Holdings doesn't believe Supervalu (SVU) will end up being sold in one piece as reported earlier. A more likely scenario will be to see the grocery store operator broken up into pieces and sold off to unlock more value, according to the firm. SVU +10.4% premarket.
    | Aug. 24, 2012, 6:44 AM | 5 Comments
  • Aug. 23, 2012, 5:03 PM
    Supervalu's (SVU) advisers are asking potential buyers to bid for the entire business, even as several suitors have inquired about individual parts of the grocery company, Bloomberg reports. Cerberus Capital is said to be looking at a possible deal involving the Albertsons unit, among other deals. SVU +6.1% AH.
    | Aug. 23, 2012, 5:03 PM | Comment!
  • Aug. 23, 2012, 8:22 AM
    Jefferies cuts its rating on Safeway (SWY) to Hold from Buy. The sector has been increasingly falling out of favor with analysts on the Street as chatter on LBOs and mergers fades and the reality of food inflation takes center stage. On watch: KR, SVU, AHONY.PK, TSCDY.PK.
    | Aug. 23, 2012, 8:22 AM | 1 Comment
  • Aug. 20, 2012, 8:15 AM
    Supervalu (SVU) jewel Save-A-Lot starts to lose its shine as rivals Aldi and Target mimic its hard discounting model to grab market share. Though the unit could still fetch as much as $2B in an asset sale by Supervalu, before sales started slumping the payday was expected to be higher for the company.
    | Aug. 20, 2012, 8:15 AM | 1 Comment
  • Aug. 17, 2012, 6:41 AM
    Citigroup thinks Save-A-Lot and Jewel-Osco could be for sale as SuperValu (SVU) looks to divest assets in order to fund investments. Shares of SVU have traded mostly sideways since Q1 earnings were released with LBO chatter cooling as well.
    | Aug. 17, 2012, 6:41 AM | 3 Comments
  • Jul. 31, 2012, 12:39 PM
    Shares of Supervalu (SVU +7.1%) spring higher again following its CEO swap. Wall Street analysts widely back the new change based on the impressive performance of Wayne Sales when he was an exec at Canadian Tire.
    | Jul. 31, 2012, 12:39 PM | 2 Comments
  • Jul. 30, 2012, 9:23 AM
    Supervalu (SVU) names Wayne Sales as its new President and CEO to replace Craig Heckert. The aptly named Sales has been a non-executive chairman of the board since 2010. Shares of SVU +1.5% premarket.
    | Jul. 30, 2012, 9:23 AM | 2 Comments
  • Jul. 26, 2012, 12:33 PM
    Supervalu (SVU +16.1%), which had 47% of its float shorted as of July 13, remains extremely volatile. Shares are taking off just a day after diving, as bulls hoping buyout talks pan out do battle with bears focusing on a heavy debt load and deteriorating fundamentals.
    | Jul. 26, 2012, 12:33 PM | 1 Comment
  • Jul. 26, 2012, 9:12 AM
    Premarket gainers: GENE +33%. PSDV +24%. IBIO +21%. S +18%. WDC +17%. AKAM +16%. PCS +14%. TEX +13%. FTNT +13%. STX +11%. WFM +11%. GNC +8%. UN +7%. CROX +7%. BBVA +7%. PHM +7%. SVU +6%. SAN +6%. PSTI +6%. EQIX +6%. ABB +6%. IOC +6%. AEM +6%. FTE +6%. MRVL +6%. NOK +5%. OVTI +5%.
    Losers: ZNGA -40%. NG -29%. STRA -17%. GLUU -8%. IPG -6%. ESI -7%. GRPN -6%. FB -6%. ALU -6%. STB -6%. ABX -5%. LVS -5%.
    | Jul. 26, 2012, 9:12 AM | 1 Comment
Company Description
SUPERVALU Inc are wholesale distributors to independent retail customers across the United States through its Independent Business segment and the Retail Food segment. Substantially all of the Company's operations are domestic.
Sector: Services
Industry: Grocery Stores
Country: United States