Suitors are lining up to carve out divisions of Supervalu following the company's announcement last month that strategic divestitures were on the table as the Eden Prairie, Minn.-based grocer seeks to turn around its business performance.
Supervalu now is in full turnaround mode, and with the naming of Wayne Sales as CEO to lead the charge, analysts are saying the Canadian retail executive who helped turn around Canadian Tire is the right man for the job. But Supervalu still has plenty of heavy lifting to do.
Save-A-Lot, a hard-discount, limited-assortment grocery chain and a wholly owned subsidiary of Supervalu, kicked off its 2012 Fuel Your Family Road Trip in Orlando to raise awareness of Save-A-Lot stores as the go-to destination for affordable food.
Save-A-Lot, a wholly owned subsidiary of Supervalu, on Monday launched a national search for a team of two interns to serve as brand ambassadors — or more aptly titled Road Scholars — for its 2012 Fuel Your Family Road Trip campaign.
Quietly but noticeably, two trends have been occurring over the past few years: A move toward "locavorism" and a demand for fresh produce. The fresh produce trend is evident from a Produce Marketing Association consumer survey from 2010 that showed an increased interest in buying fresh fruits and vegetables and shopping at farmer's markets, while such retailers as Bartell Drugs, Meijer and Duane Reade are devoting significant shelf space to locally sourced products.
Supervalu's Save-A-Lot division on Tuesday announced plans for a new 250,374-sq.-ft. food distribution center in Pompano Beach, Fla. The center is expected to open by the end of fiscal year 2013, which ends Feb. 23, 2013.
Looking ahead to fiscal 2013, Supervalu will continue its focus on "hyperlocal" merchandising, value-driven pricing and its transformational remodels to build on its momentum coming out of fiscal 2012.