February 25, 2013

When Albertson's LLC announced last month that its parent company, AB Acquisition, an affiliate of Cerberus Capital Management, signed an agreement to acquire 877 stores from Supervalu in a deal valued at some $3.3 billion — a move that will reunite all Albertsons stores under one operator — it recast the rankings of the industry's leading pharmacy retailers.

February 25, 2013

When Supervalu announced this past summer a review of strategic alternatives, its goals were to improve its business, better position the company for the future and create the best opportunity to deliver shareholder value. This effort has led to the sale of 877 stores to AB Acquistion.

February 21, 2013

Albertsons named the division presidents who will lead the 877 stores it will acquire from Supervalu after the purchase agreement closes next month, the company said. The two companies agreed to the purchase in January.

February 14, 2013

Evander Holyfield, the only five-time world heavyweight champion, will greet Supervalu's Jewel-Osco customers and boxing fans during appearances at two of the retailer’s Chicago stores.

January 24, 2013

Supervalu's Jewel-Osco on Wednesday announced that they will celebrate Black History Month with the company's 14th annual "A Taste of Black History" program, which honors the contributions and achievements of the retailer's African-American vendor partners.

January 14, 2013

Jewel-Osco is shipping "thousands" of extra doses of flu vaccine amid a flu season that the Centers for Disease Control and Prevention has labeled an epidemic, the retail chain said.

January 11, 2013

Last week in a much anticipated move, Cerberus Capital Management acquired 877 supermarkets from Supervalu for $100 million in cash and the assumption of $3.2 billion in debt. Also part of the deal, a Cerberus-led investor consortium will provide the remaining Supervalu business an influx with the purchase of up to 30% of Supervalu stock at a purchase price of $4 per share.

Following the transaction, Supervalu will be a $17 billion business comprised mostly of its distribution business, which will represent 47% of revenues, Save-A-Lot (25%) and 191 regional supermarkets (28%).

January 10, 2013

The sale of 877 stores to Cerberus Capital Management will help Supervalu re-energize its remaining three businesses, current Supervalu president and CEO Wayne Sales told analysts Thursday morning.

January 10, 2013

In a move that will reunite all Albertsons stores under one operator, Supervalu on Thursday morning announced a definitive agreement under which it will sell 877 stores across the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners and related Osco and Sav-on in-store pharmacies to AB Acquisition, an affiliate of Cerberus Capital Management, in a transaction valued at $3.3 billion.

December 11, 2012

Fans of "Zombieland" take heart — should the world come to an end, the last Twinkie will be available at a Chicago-area Jewel Osco.

November 9, 2012

Edward Hospital on Thursday announced the opening of two Quick Care Clinics within a pair of Supervalu's Jewel-Osco pharmacies.

October 25, 2012

The jewel in the Supervalu crown — Save-A-Lot — may be up for bid by investment firm KKR, according to a Wall Street Journal blog published Thursday.

October 18, 2012

While Supervalu has completed its overhaul of its value proposition across its Jewel-Osco banner, the grocer will be analyzing the impact before replicating the price repositioning across its entire chain.

September 17, 2012

Jewel-Osco on Friday announced that the company is observing Hunger Action Month this September with an aggressive campaign to raise food and funds for food banks and food pantries in the retailer's service area.

September 17, 2012

Supervalu's Jewel-Osco banner will celebrate Hispanic Heritage Month with its 5th Annual “Sabor de la Herencia Hispana” signature VIP reception on Sept. 27 at the National Museum of Mexican Art, the retailer announced Monday.

September 7, 2012

The journey to a complete turnaround begins with the first step. Supervalu's restructuring, refocusing and revitalizing the executive team may have been the first step, but it's been quickly followed by the second — culling out underperforming stores and re-investing those saved dollars into a refocused and revitalized business.

September 5, 2012

Supervalu on Wednesday afternoon announced it will close approximately 60 underperforming or nonstrategic stores this fiscal year, including 38 in its retail food reporting segment and 22 Save-A-Lot locations.

August 24, 2012

As several suitors eye individual parts of the Supervalu business, Bloomberg reported that Supervalu is seeking buyers to bid for the entire business.

August 20, 2012

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.

July 12, 2012

Supervalu on Thursday announced a number of dramatic measures to stabilize its business — reduction in capital spending, suspension of the company's dividend, even the exploration of possible strategic alternatives — in conjunction with its declining first-quarter earnings results.

June 21, 2012

Jewel-Osco is helping Chicagoland shoppers get more value on their everyday grocery purchases through the launch of a new fuel savings program.

February 1, 2012

Supervalu-owned Jewel-Osco has announced that it will celebrate Black History Month this February with its 13th annual “A Taste of Black History” program, a monthlong initiative to honor the contributions of Jewel-Osco’s African-American vendors and help them build on their success in the retail food business.

January 3, 2012

Whether it’s creating beachy waves, sexy curls or modern ponytails, women aren’t shying away from styling their best fashion accessory: hair. 


January 3, 2012

Food and pharmacy retail chains Jewel-Osco and Shop 'n Save, which are owned by Supervalu, announced that they will enhance their pharmacy services in an effort to cater to Express Scripts clients.