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Shares of SUPERVALU (NYS: SVU) are down nearly 50% today after the grocery store chain posted disappointing earnings for its first quarter. Still, a closer look reveals there's much more at risk ...
SuperValu retained a 46% interest in the new company, which Shopko later purchased in 1997. SuperValu founded the clothing store County Seat in 1973 and sold it to Carson Pirie Scott in 1983. In 1975, SuperValu acquired Hornbacher's. [7] In 1980, the company acquired Minnesota-based Cub Foods, which operated five stores in the Twin Cities area.
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SUPERVALU has been right up there with Green Mountain Coffee Roasters as one of the most humbling crashes of 2012. The company continued to fall hard throughout the year, and now is down more than ...
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The stores were acquired by Supervalu in October 1992, [3] and were closed by them in 2001. [4] [5] The stores were scaled down for the last several years until they were closed. The stores operated with a union and several thousand employees were laid off at the closure of the stores. Laneco had around 16 stores at the time of closure.
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