Content about Supervalu

June 27, 2013

The Wall Street Journal on Wednesday reported that Cerberus Capital Management has made a bid for Harris Teeter Supermarkets.

NEW YORK — The Wall Street Journal on Wednesday reported that Cerberus Capital Management has made a bid for Harris Teeter Supermarkets. Citing a person familiar with the matter, the Journal reported Cerberus is considering keeping part of the grocery operator a public company. 

The market capitalization is about $2.3 billion, according to the Journal

June 20, 2013

Still fresh from its sale to AB Acquisition LLC, Albertsons has started notifying shoppers that its Preferred Card loyalty program is no longer available.

BOISE, Idaho — Still fresh from its sale to AB Acquisition LLC, Albertsons has started notifying shoppers that its Preferred Card loyalty program is no longer available.

On its website, Albertsons states: “Our customers are the only reasons that our doors open every day. Because of you, we exist. It’s that simple. We feel it’s our job to give everyone a great shopping experience, and that includes offering great prices to everyone.”

May 28, 2013

Several months after acquiring Supervalu, Cerberus Capital Management is reportedly interested in about a half-dozen grocery chains for potential bids, including Harris Teeter, according to a Wall Street Journal article.

NEW YORK — Several months after acquiring Supervalu, Cerberus Capital Management is reportedly interested in about a half-dozen grocery chains for potential bids, including Harris Teeter, according to a Wall Street Journal article.

A person familiar with the matter told the WSJ that Cerberus sees adding stores as a way to trim costs through additional scale while creating turnaround opportunities.

May 17, 2013

Supervalu successfully completed the refinancing of its existing $1.5 billion senior secured term loan agreement.

MINNEAPOLIS — Supervalu on Thursday successfully completed the refinancing of its existing $1.5 billion senior secured term loan agreement. The amendment reduces the interest rate margin from 5% to 4% and reduces the LIBOR floor from 1.25% to 1% for LIBOR based loans. 

May 9, 2013

CVS/pharmacy announced the official launch of Total Home, a new home care product line built on performance, reliability and premium quality that is now available exclusively at CVS/pharmacy stores nationwide.

WOONSOCKET, R.I. — Today, CVS/pharmacy announced the official launch of Total Home, a new home care product line built on performance, reliability and premium quality that is now available exclusively at CVS/pharmacy stores nationwide.

April 29, 2013

Supervalu has appointed Rite Aid president, chairman and CEO John Standley to its board of directors, the supermarket operator said. The company also announced the appointment of Cerberus Capital Management COO and general counsel Mark Neporent.

MINNEAPOLIS — Supervalu has appointed Rite Aid president, chairman and CEO John Standley to its board of directors, the supermarket operator said.

The company also announced the appointment of Cerberus Capital Management COO and general counsel Mark Neporent.

April 24, 2013

Supervalu posted sales of $3.89 billion and a loss of $1.41 billion in fourth quarter 2013, the company said Wednesday.

MINNEAPOLIS — Supervalu posted sales of $3.89 billion and a loss of $1.41 billion in fourth quarter 2013, the company said Wednesday.

That result compared with sales of $3.98 billion and a loss of $424 million in fourth quarter 2012.

For the fiscal year, sales were $17.1 billion, compared with $17.3 billion in fiscal year 2012, while the company incurred a loss of $1.46 billion, compared with a $1.04 billion loss the year before.

April 16, 2013

A former executive of Supervalu has been tapped for a top position at Stater Bros. Markets, the supermarket chain said.

SAN BERNARDINO, Calif. — A former executive of Supervalu has been tapped for a top position at Stater Bros. Markets, the supermarket chain said.

Stater Bros. announced that former Supervalu EVP retail operations Peter Van Helden had been hired as president and COO of the privately owned San Bernardino, Calif.-based chain, which operates 167 stores in San Bernardino and Riverside counties.

April 15, 2013

The University of Utah's College of Pharmacy has opened a new research organization designed to encourage collaboration and interaction, according to published reports.

NEW YORK — The University of Utah's College of Pharmacy has opened a new research organization designed to encourage collaboration and interaction, according to published reports.

The Salt Lake City-based Deseret News reported on the opening of the L.S. Skaggs Pharmacy Institute, a 150,000-sq.-ft. facility that includes open lab space.

April 3, 2013

Supervalu announced additional changes at the senior level as Sam Duncan, Supervalu president and CEO, finalizes his executive leadership team.

MINNEAPOLIS — Supervalu on Wednesday announced additional changes at the senior level as Sam Duncan, Supervalu president and CEO, finalizes his executive leadership team.

Sherry Smith, EVP and CFO, will leave the company at the end of May. Smith has served as the company’s CFO since her appointment in December 2010. She has spent 26 years with Supervalu and previously served as SVP, finance. The company plans to announce a new CFO at a later date.

April 3, 2013

Weis Markets on Wednesday announced that Gretchen Suydan has joined the central Pennsylvania grocer as director of marketing. The company announced the promotions of Brian Bosworth to sales director and Maria Panko to private brands manager.

SUNBURY, Pa. — Weis Markets on Wednesday announced that Gretchen Suydan has joined the central Pennsylvania grocer as director of marketing. The company announced the promotions of Brian Bosworth to sales director and Maria Panko to private brands manager.

March 27, 2013

With its acquisition of five retail grocery banners from Supervalu now complete, Albertsons LLC has outlined its new executive management team.

BOISE, Idaho — With its acquisition of five retail grocery banners from Supervalu now complete, Albertsons LLC has outlined its new executive management team.

March 26, 2013

Supervalu on Tuesday announced plans to reduce its national workforce by an estimated 1,100 positions.

MINNEAPOLIS — Supervalu on Tuesday announced plans to reduce its national workforce by an estimated 1,100 positions. The reductions include both current positions and open jobs that will not be filled.

March 22, 2013

American Stores founder Sam Skaggs died of natural causes at his home Thursday, according to a report in the Salt Lake Tribune.

SALT LAKE CITY — American Stores founder Sam Skaggs died of natural causes at his home Thursday, according to a report in the Salt Lake Tribune. He was 89 years old. 

Retail pharmacy was the family business. Skaggs was the grandson of Safeway founder Marion Skaggs. And his father, Leonard Skaggs, operated PayLess Drug Stores since 1939. 

March 22, 2013

Supervalu on Friday named several executives to the company's leadership team one day following the closing of its divestiture of five retail banners to AB Acquisition.

MINNEAPOLIS — Supervalu on Friday named several executives to the company's leadership team one day following the closing of its divestiture of five retail banners to AB Acquisition. 

March 21, 2013

Supervalu announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.

MINNEAPOLIS — Supervalu on Thursday announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption. 

March 20, 2013

Supervalu’s sale of Albertsons stores to Cerberus Capital Management will reportedly close Thursday at midnight, according to a published report by StateImpact Idaho.

BOISE, Idaho — Supervalu’s sale of Albertsons stores to Cerberus Capital Management will reportedly close Thursday at midnight, according to a published report by StateImpact Idaho.

March 5, 2013

OutcomesMTM, a medication therapy management delivery system, on Tuesday recognized its top chain and independent pharmacies for 2012.

DES MOINES, Iowa — OutcomesMTM, a medication therapy management delivery system, on Tuesday recognized its top chain and independent pharmacies for 2012. Walgreens and Kerr Drug were named top large pharmacy chain and top regional pharmacy chain, respectively.

March 4, 2013

Supervalu announced several changes to its executive and banner retail leadership teams, as it continues preparations to move forward with a focus on serving wholesale grocery operators, growing its hard discount format and running a smaller, more efficient retail operation following the close of its previously announced transaction with AB Acquisition (Albertson's LLC).

MINNEAPOLIS — Supervalu on Monday morning announced several changes to its executive and banner retail leadership teams, as it continues preparations to move forward with a focus on serving wholesale grocery operators, growing its hard discount format and running a smaller, more efficient retail operation following the close of its previously announced transaction with AB Acquisition (Albertson's LLC). 

March 1, 2013

Upon the closing of Supervalu's sale of five pharmacy banners to Albertsons LLC, long-time Supervalu vet Dan Salemi will assume the role of president of pharmacy at the new Albertsons LLC. Salemi will succeed Supervalu president pharmacy operations Chris Dimos, who will stay on board until the deal is done.

Albertsons LLC gets a very talented pharmacy executive to run its pharmacy business, no doubt, in Dan Salemi. And with more than three decades working across Supervalu's banners, he's well-versed in the nuances of the Supervalu pharmacy business in each market.

Upon the closing of Supervalu's sale of five pharmacy banners to Albertsons LLC, long-time Supervalu vet Dan Salemi will assume the role of president of pharmacy at the new Albertsons LLC. Salemi will succeed Supervalu president pharmacy operations Chris Dimos, who will stay on board until the deal is done. 

February 26, 2013

Upon the closing of Supervalu's sale of five pharmacy banners to Albertsons LLC, Dan Salemi will assume the role of president of pharmacy at the new Albertsons LLC, DSN has learned.

MINNEAPOLIS — Upon the closing of Supervalu's sale of five pharmacy banners to Albertsons LLC, Dan Salemi will assume the role of president of pharmacy at the new Albertsons LLC, DSN has learned.

Salemi will succeed Supervalu president pharmacy operations Chris Dimos. Dimos will remain in his current role until the transaction closes. Supervalu has not named a pharmacy head for the 191 retail operations that will remain with Supervalu.

February 26, 2013

Several pharmacy retailers got top place in a recent consumer satisfaction survey.

ANN ARBOR, Mich. — Several pharmacy retailers got top place in a recent consumer satisfaction survey.

A report released Tuesday by the American Customer Satisfaction Index ranked Rite Aid at the top among drug store chains, with a score of 77, a 3% improvement over last year. Walgreens gained 1%, for a score of 76, while CVS ranked 75, a 3% gain. The survey noted that CVS hit a low two years ago due to cost-cutting efforts.

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.

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

Bob Miller has a knack for turnarounds. In 1999, he took over Rite Aid as chairman and CEO, helping to stabilize the drug store chain at a time when Rite Aid was on the brink of bankruptcy, and many analysts were projecting Rite Aid would fold.

Bob Miller has a knack for turnarounds. In 1999, he took over Rite Aid as chairman and CEO, helping to stabilize the drug store chain at a time when Rite Aid was on the brink of bankruptcy, and many analysts were projecting Rite Aid would fold.

Miller joined Rite Aid soon after building Fred Meyer into a supermarket powerhouse. Kroger acquired the Midwest chain in a $8 billion deal in 1999.

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.

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.

Following the sale, Supervalu will consist of its wholesaler business, which serves 1,950 stores across the country; Save-A-Lot with approximately 1,300 stores across 35 states; and Supervalu's regional retail food banners Cub, Farm Fresh, Shoppers, Shop 'n Save and Hornbacher's.