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October 18, 2013

Supervalu's third-quarter profit beats expectations

After selling more than half of its stores, Supervalu's new cost structure is yielding better-than-expected returns.
Executive Compensation Report
July 29, 2013

Minnesota CEO pay: Lots of options

Minnesota's top CEOs cashed in far more stock options in 2012 than they did the year before, boosting median total pay 2.6 percent.
July 25, 2013

Supervalu appoints new chief financial officer

The supermarket giant revealed it paid its departing finance chief $300,000 to stay two more months.
July 19, 2013
Supervalu’s warehouses, including this one in Hopkins, distributed nearly $2.5 billion worth of wholesale goods.

Supervalu's new boss, Sam Duncan, is off to a strong start

Cost-cutting helped Sam Duncan boost first-quarter earnings, but the bigger challenge – growing sales – remains ahead.
June 3, 2013

CEO Pay Watch: Craig Herkert, former Supervalu CEO

  CEO Pay Watch Supervalu Inc. Craig Herkert, former president and CEO Total compensation: $3,789,922 for the year ended Feb. 28 Salary: $374,711 Other…
Supervalu earnings
April 24, 2013
The Supervalu distribution center in Hopkins.

Investors like what they hear from new Supervalu CEO

The loss doesn't take into account the recent sale of Supervalu's four largest grocery chains.
April 21, 2013
Cub Foods President Brian Audette, at the Stillwater store, said Cub is focused on a full-service approach: “We are about value and delivering that

As Supervalu slims down, Cub Foods fights on

The grocery giant's Twin Cities chain says price is important, but it isn't everything. Will shoppers buy it?
April 16, 2013

Supervalu has deep roots in groceries

The company that is now Supervalu got its start in the 1920s and expanded rapidly in recent years.
Cub Foods
April 16, 2013
Jane Casper, right, shops for yogurt at a Cub Foods owned by Supervalu Inc. in Crystal, Minn.

Cub suddenly finds it's a big fish in Supervalu's shrinking pond

The deal announced Thursday could lead to layoffs at headquarters, but could help the local chain.
April 16, 2013
Supervalu, based in Eden Prairie, put itself up for sale in whole or in parts last July. Reports indicate that Cerberus might buy some of the chain’

Supervalu's stock rises as deal said to be imminent

Speculation centers on N.Y. private equity group Cerberus Capital.
April 16, 2013
Sam Duncan

Feb. 4: Supervalu's new CEO Duncan starts early

The company moved up the start date for Sam Duncan, who succeeds Wayne Sales.
April 16, 2013
The Supervalu Inc. logo is displayed on a truck at a distribution center in Hopkins, Minnesota on Monday, Jan. 9, 2012. Inventories at U.S. wholesaler

March 4: Supervalu CEO makes changes in management

The new appointments include a top marketing executive and a new boss for the discount Save-A-Lot chain.
April 16, 2013
Grocery items are stacked multiple layers high at the Supervalu's grocery distribution center Wednesday, Jan. 23, 2013, in Hopkins, MN. Supervalu has

Feb. 2: Supervalu bets big on wholesale business

Selling off its biggest grocery chains should enable the troubled company to focus more sharply on its original business.
April 16, 2013
Supervalu CEO Wayne Sales

Supervalu's short-term CEO leaves with $12.8M

The Cerberus deal to buy its four largest supermarket chains means Wayne Sales will get an accelerated payday.
April 3, 2013
A truck in the Supervalu distribution center in Hopkins in 2006.

CFO and general counsel leaving Supervalu

Supervalu's chief financial officer and general counsel will both exit the company, the latest retooling of its top executive ranks under new CEO Sam Duncan.
Supervalu job cuts
March 26, 2013
Tractor trailers are lined up at Supervalu's grocery distribution center in Hopkins.

Supervalu eliminates 600 jobs in Minnesota

The Eden Prairie-based company is slashing 38 percent of its headquarters workforce just days after completing the sale of its four largest grocery chains.
Supervalu job cuts
March 26, 2013
Tractor trailers are lined up at Supervalu's grocery distribution center Wednesday, Jan. 23, 2013, in Hopkins. The company announced that it will elim

Supervalu cutting 1,100 jobs, including 600 in Minnesota

Supervalu is eliminating about 1,100 positions nationwide, or about 3 percent of its workforce, less than a week after the supermarket operator completed the sale of five of its grocery chains.
March 26, 2013
A Supervalu truck at the Supervalu distribution center in Hopkins.

Thursday: Supervalu completes sale of its 4 biggest chains

The sale includes $100M cash and the assumption of $3.2B of Supervalu debt. Supervalu will retain the Cub Foods chain in the Twin Cities.
March 21, 2013

Schafer: Supervalu hits rewind as it brings in new team

But retooling Supervalu closer to its 2006 profile won't reduce the host of competitors that are stronger than ever.
March 21, 2013
Sam Duncan has spent much of his career in the grocery business, starting at the bottom in 1969 as an Albertsons “courtesy clerk.”

Incoming CEO specializes in turnarounds

Sam Duncan spent years in the grocery business on the West Coast before tackling troubled companies in recent years.
Supervalu deal
March 21, 2013
The Albertsons supermarket chain is among those Supervalu is selling.

Supervalu sells half its stores but keeps Cub

The struggling grocery company sold off 4 chains in $3.3 billion deal.
March 21, 2013
The Supervalu Inc. logo is displayed at a distribution center in Hopkins, Minnesota on Monday, Jan. 9, 2012.

Deal shifts power at Supervalu HQ

Private equity firm Cerberus gets three of 11 board seats and installs a new chairman who runs Cerberus' Albertsons chain.
March 21, 2013

Offshore tax havens cost Minn. $2 billion a year, report says

A new analysis estimates the state ranks behind only five others in the amount of revenue lost because of tax-avoidance strategies.