Supervalu

An Eden Prairie-based grocery wholesaler and retailer, which is the parent company of Cub Foods.

Business
October 22, 2018
United Natural Foods completed its $2.9 billion acquisition of Supervalu on Monday.

Supervalu off stock market for first time since 1967 as $2.9B deal completed

New owners seek buyers for grocery chains, including Cub Foods.
Business
September 25, 2018

United Natural Foods taps Sean Griffin as CEO for Supervalu

Mark Gross, who has led Supervalu for the past two years, is expected to leave at the completion of the $2.9 billion acquisition.
Business
August 20, 2018

Supervalu shareholders approve new structure to assist selling off retail units

Supervalu Inc. shareholders have approved a reorganization of the food distribution firm that is designed to make it easier to sell its retail operations.The decision…
Business
July 31, 2018
The proxy battle is over at Supervalu, clearing the way for its sale a Rhode Island-based distributor.

Activist ends board fight at Supervalu, allowing its sale to proceed

The move helps to ease uncertainty at Supervalu, allowing sale to proceed.
Business
July 26, 2018
An employee at Supervalu Inc. stands in part of a warehouse at a distribution center in Hopkins, Minnesota on Monday, Jan. 9, 2012. Inventories at U.S

After a gamble went wrong, Supervalu struggled for a decade

The company racked up billions in debt, and a downturn soon followed
Business
July 2, 2018

Supervalu sets Aug. 16 for shareholder meeting and showdown with activist investment firm

With vote looming, firm shares details of activist investor's demands.
Business
May 29, 2018
Blackwells Capital LLC, the activist investor seeking strategic changes at Supervalu Inc., on Tuesday nominated six outside directors to be voted on b

Activist investor nominates six executives to Supervalu's board

A battle for the direction of Supervalu will go to investors for a vote.
Business
June 17, 2017
FILE ó A Whole Foods employee pushes a laden cart out of the store, in New York, Oct. 30, 2015. Amazonís $13.4 billion purchase of Whole Foods is a

Amazon's purchase of Whole Foods shakes up grocery landscape that includes Target, Supervalu

The $13.7 billion deal is a direct challenge to Minnesota's biggest food retailers.
Business
April 25, 2017

Supervalu's stock rises sharply after its adjusted profit surprised investors

The company's retail division, including Cub Foods, continued to struggle.
Business
April 10, 2017
Supervalu made a $375 million deal to greatly expand its wholesale business, which includes its center in Hopkins. (DAVID JOLES/Star Tribune file phot

Supervalu to buy California-based cooperative Unified Grocers for $375 million

It's buying a California-based cooperative for $375 million.
Business
September 8, 2016
Workers looked over the new Oakdale Cub Foods minutes before opening for a VIP open house on May 9, 2016.

Supervalu's grocery stores are feeling heat from competitors

Supervalu Inc. lowered its financial outlook for the rest of the fiscal year Thursday, saying that its grocery stores, including Cub Foods, and Save-A-Lot discount unit are not performing as well as expected.
Business
July 15, 2016
Supervalu's purchase of some Food Lion stores is designed to create more business for its wholesale operation.

Supervalu picks up some Food Lion stores that were spun out in merger of grocery giants

Eden Prairie-based retailer buys them as Belgian firm lets them go
Business
January 13, 2016
Supervalu experienced mixed results in its fiscal third quarter, which runs through the fall months. Sales slid in all units but profit came in as exp

Sales fall in Supervalu units, but profit comes in line with expectations

Stock dropped 15 percent as investors reacted to the third-quarter posting.
Business
January 8, 2015
Goods are sorted and stacked at the loading dock of a Supervalu Inc. distribution center in Hopkins.

Supervalu's profit rises sharply as all units thrive

Quarterly results beat expectations as all company's businesses improve
Business
September 30, 2014

Supervalu's Cub Foods hit by hackers again

The company says the latest case affects four stores in the East Metro area.
Supervalu's annual meeting
September 29, 2014
CEO Sam Duncan said Wednesday that Supervalu’s future is in wholesaling groceries; this distribution center is in Hopkins.

July 16: Supervalu CEO: Rainbow deal a 'wholesale play'

A complex transaction that Supervalu orchestrated this year involving 18 Rainbow Foods stores was a "wholesale play," and the company has no intention of again becoming a big traditional supermarket operator.
Supervalu data breach
August 18, 2014
The data breach includes Cub Foods stores.

Supervalu: Hackers accessed systems involving 62 state stores

Breach affected data at its own stores and those of Albertsons, for which it provides technology services. It's unclear if data was stolen, however.
Business
June 4, 2014

CEO Pay Watch: Sam Duncan, Supervalu

CEO Pay Watch Supervalu Inc. Sam Duncan, president, CEO   Total compensation: $2,561,083 for the year ended Feb. 28 Salary: $1,500,000 Non-equity incentive pay:…
Business
May 7, 2014

Which Rainbow store is becoming what

New owners and some new namesRoundy's Inc. is selling its 27 Rainbow Foods locations in the Twin Cities and exiting the market. It has found…
Pivotal day for Supervalu
April 24, 2014
Paul Van Overbeke, who works as a chef at night, shopped the produce aisles with his 1-year-old daughter Betsy at a Cub Foods store in Minneapolis.

Supervalu gains momentum, beats profit forecasts; stock rises

The grocery company and wholesaler finished its fiscal year with a quarterly profit as the new CEO's restructuring took hold.
Supervalu shuffle
March 20, 2014
Supervalu's distribution center in Hopkins will now become the western regional center of its restructured wholesale division. 2013 file photo.

Supervalu reshapes wholesale division

Three regions are combined into two, an office in Pleasant Prairie, Wis., is significantly downsized and Minnesota gets a few more jobs.
Supervalu
February 12, 2014
Supervalu will host customers of its wholesale business at a single trade show in St. Paul this August, ending a practice of regional events. 2012 fil

Supervalu plans national trade show in St. Paul

The company's first national "sales expo" for customers of its wholesale operation is expected to draw 3,000 people to RiverCentre in August.
Business
January 15, 2014

Supervalu selects Storch to be chairman

New board leader is former CEO for Toys 'R' Us and also oversaw Target's website and its grocery business.
Business
January 13, 2014
Supervalu reported a profit for its third fiscal quarter that ended in December, continuing its turnaround from losses in 2012.

Cost cutting helps profits at smaller Supervalu

The grocery company saw weak sales at traditional supermarkets, but good results at its discount chain.
Business
January 5, 2014

Sam Duncan, CEO, Supervalu

« Supervalu has made positive strides in all three of our business segments to better position the company for financial growth and improved shareholder value.…