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.

January 7, 2013

The breakup of Supervalu to private equity firm Cerberus Capital Management could be announced as soon as Thursday when Supervalu shares third-quarter results with analysts, according to a report in the Wall Street Journal published Friday.

January 4, 2013

Several retailers got top scores from a gay-rights organization for their efforts to prevent discrimination against and include lesbian, gay, bisexual and transgender employees.

December 27, 2012

Supervalu last week settled its suit enforcing a non-compete clause against former president Leon Bergmann, the Minneapolis/St. Paul Business Journal reported last week.

December 12, 2012

The head of a regional supermarket chain based in the Pacific Northwest is stepping down, according to published reports.

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.

December 7, 2012

More than five-dozen Albertsons stores in the West will start selling gluten-free frozen pizzas this month.

December 3, 2012

Supervalu on Friday confirmed that a previously announced review of strategic alternatives is proceeding, sparking a slight run on the company's stock.

November 30, 2012

Supervalu confirmed on Thursday that the previously announced review of strategic alternatives is proceeding, and it continues to be in active discussion with several parties.

November 9, 2012

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

November 8, 2012

CVS/pharmacy on Thursday expanded the role of two retail field executives as SVP operations Dennis Palmer, a 37-year retail veteran, announced his retirement.

November 5, 2012

Shaw's Supermarkets, a subsidiary of Supervalu, on Friday announced plans to reduce its store-level workforce by an estimated 700 positions.

November 2, 2012

The Northeast is still recovering from one of the worst disasters it has ever faced. Many residents remain without electrical power, while others have lost their entire homes, businesses, workplaces and in a growing number of cases, their lives.

October 26, 2012

A number of Supervalu banners on Friday announced that select locations will host Iams Home 4 the Holidays initiative on Nov. 2 and 3. As part of the events, neighborhood shelters will introduce shoppers to deserving puppies, kittens, dogs and cats that are up for adoption.

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 23, 2012

Cerberus Capital Management, which owns Albertsons LLC, may be looking to reunite the stores as it has reportedly emerged as a possible suitor to acquire all or part of Supervalu, according to published reports.

October 23, 2012

Park City Group, a provider of consumer goods supply chain technology, has tapped food industry insiders Austin Noll Jr. and Richard Juliano to serve on its board.

October 19, 2012

Information technology vet Shirl Stroeing joined Weis Markets earlier this week as the company's VP and chief information officer, according to published reports.

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.

October 18, 2012

Supervalu on Thursday morning announced it has named Janel Haugarth to lead its independent business organization, replacing Leon Bergmann, who has decided to leave the company.

October 10, 2012

Shaw's and Star Market, Boston Moves for Health and the Fuel Up to Play 60 program on Tuesday announced they are teaming up with Boston Public Schools to support kids' health through the creation of "Workout Wednesdays," an integrated health and fitness program.

October 9, 2012

CVS Caremark’s front-store business continues to experience solid performance despite a weak economy — success that can be credited to such factors as a skilled merchandising team, a focus on store brands and a clustering initiative that tailors stores’ merchandise mix based on how the stores are shopped in certain locations.