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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.

WHAT IT MEANS AND WHY IT'S IMPORTANT — 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 reinvesting those saved dollars into that refocused, revitalized business. The question, really, is this: Is 60 enough? Is closing out 60 underperforming or nonstrategic stores out of the company's total 2,400-plus store base (including Save-A-Lot), enough?