SUPERVALU posts fiscal Q4 loss amid efficiency drive

04/24/2013 | Progressive Grocer · Wall Street Journal, The

Grocery giant SUPERVALU has reported a loss of $1.41 billion for its fiscal fourth quarter, which ended Feb. 23, and a 2.3% decline in revenue, despite an ongoing effort to trim operations and reshuffle leadership. SUPERVALU recently sold five chains, including Albertsons, so it could focus on discount banner Save-A-Lot and food distribution. Save-A-Lot's net sales dropped 1.5% compared with the same quarter the previous year, to $969 million.

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Progressive Grocer · Wall Street Journal, The

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