Supervalu’s non-executive chairman Jerry Storch credits Duncan with turning the company around since he took over, repositioning the company’s three core business segments since he took the reigns in 2013.
The Journal News is reporting that auctions for several of its stores began this morning in New York. “At the top of the long list of stores that were expected to be auctioned Thursday was the A&P in Mount Kisco,” the report said. “The acknowledged crown jewel of the beleaguered supermarket had an annual operating cash flow of more than $9 million, and was expected to receive one of the highest sale price of the auction.” (The Journal News)
The company said that its HemisFares products will be imported directly from the most food-rich regions of the world and that it offers shoppers a guided tour of the best-of-the-best tastes the planet has to offer.