SUPERVALU, which recently announced plans to sell off several retail brands, said it will focus on its wholesale business, as well as Save-A-Lot and its other grocery stores. The company's wholesale segment is expected "to capitalize on higher margin opportunities, including providing more services and private-label product offerings," outgoing CEO Wayne Sales said.
Supervalu said it plans to shut down about 60 of its underperforming supermarkets, including 20 Save-A-Lot locations. "While the decision to close a store is always difficult given the impact on team members and customers, it is guided by what is best for the company's ongoing success and future growth," Supervalu spokesman Mike Siemienas said.
Save-A-Lot, a SuperValu subsidiary, plans in February to open a 250,374-square-foot distribution center in Pompano Beach, Fla. The renovated warehouse, which is expected to result in more than 30 jobs and supply 26 stores, would be Save-A-Lot's second distribution center in the state.