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Shop 'n Save was established in 1968 as one of the nation's first discount grocery stores, Shop 'n Save offers name-brand and private label products. The stores are supplied by the distributor SuperValu, which licenses the name. SuperValu entered the Pittsburgh market in 1977 by acquiring wholesaler Charley Brothers.
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.
Numerous other SuperValu locations opened across Western Canada before most gradually expanded into Superstore sites; the SuperValu name is still in use in British Columbia. The similarly named the Real Superstore was used in the United States from the 1970s up until the mid-1990s by the Loblaws-owned National Supermarkets chain until the chain ...
In today's edition, Austin explains why he owns shares of debt-laden SUPERVALU. With its high short interest, the company gets no love from the Street, but that doesn't mean it isn't a buy today.
MINNEAPOLIS--(BUSINESS WIRE)-- SUPERVALU Inc. (NYS: SVU) today announced it completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in ...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares ...
Most SaveEasy stores, excluding those in rural areas, were eventually converted to the SuperValu or Superstore format, either through renovation or relocation. During the 1990s, the company's headquarters were relocated from Sackville, New Brunswick to Dartmouth, Nova Scotia .
Long-suffering SUPERVALU (NYS: SVU) shareholders got a bit of relief this morning, when the red-tinted supermarket chain beat fourth-quarter estimates -- but the real treat came with boosted ...