SuperValu
USINFO | 2013-12-02 10:34
 
Type Public
Traded as NYSE: SVU
Industry Retailing
Founded Minneapolis, Minnesota (1926)
Headquarters Eden Prairie, Minnesota, U.S.
Area served United States
Key people Sam Duncan CEO
Products Supermarkets, grocery store, pharmacies, food
Revenue USD $34.327 billion (FY 2013)
Operating income USD $151 million (FY 2013)
Net income USD -$1.466 billion (FY 2013)
Total assets USD $11.03 billion (FY 2013)
Total equity USD -$1.42 billion (FY 2013)
Employees 120,000 (2013)

SuperValu, Inc. is an American retailing company. The corporation, headquartered in Eden Prairie, Minnesota,has been in business for over a century. It is the third-largest food retailing company in the United States (after Kroger and Safeway), and ranks #75 on the 2012 Fortune 500 list.

On June 2, 2006, Boise, Idaho-based Albertsons, Inc. and 1,124 of its stores were sold to Supervalu. The sale was approved by the shareholders of both Supervalu and Albertsons on May 30, 2006.

Supermarket News ranked Supervalu #1 in the 2008 "Top Wholesalers for 2008".

In January 2013, the company announced it was selling its 877 stores in Albertson's, Acme, Shaw’s and Star Market chains to Cerberus Capital Management for $100 million in cash with Cerberus assuming $3.2 billion in existing debt. SuperValu would keep its Cub, Farm Fresh, Shoppers, Shop ‘n Save and Hornbacher’s brands as well as its wholesale supply operation. The deal closed March 21, 2013.
 
Today, Supervalu operates 2,505 food and food/drug combination stores, 878 in-store pharmacies, 117 fuel centers and serves as primary distributor to an additional 2,200 stores.
Supervalu also supplies a network of independent retailers (often found in smaller cities) that sometimes use the Supervalu name. However, these stores are not owned by the company. Supervalu also franchises the Cub Foods and Save-A-Lot brands to independent retailers.
 
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