http://money.aol.com/news/articles/_a/bbdp/supervalu-begins-closing-50-stores/306229
Supervalu Begins Closing 50 Stores
PRAIRIE, Minn. (Jan. 14) - Supervalu Inc. says it has begun the previously announced closure of about 50 of its stores nationwide, including four Cub Foods stores in Wisconsin.
Supervalu announced Jan. 14 it will begin closing 50 grocery stores from various chains it owns, including Cub Foods, Albertsons, Shop 'n Save, Shaw's Star and others.
Company spokeswoman Haley Meyer says that in the past few days Supervalu has advised its employees in the targeted stores of the closures.
Meyers says the company is working with those employees to find them other jobs in Supervalu, which includes Albertsons, Cub Foods, Shop 'n Save, Shaws Star and other stores.
Last week, Supervalu said in it's third quarter report that it would close about 50 stores in its fiscal 2009 fourth quarter and will open fewer stores and scale back on remodeling stores to save money.
The recent announcements include:
A total of five Cub Foods stores in Beloit, Wis.; Green Bay, Wis. (2); Madison, Wis. and Peoria, Ill.
Seven Albertsons stores in Utah, Las Vegas, Nev. and southern California.
Four Lucky stores in Las Vegas.
Four Shaws Star stores in New England.
Two Farm Fresh stores in Norfolk, Va.
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3 comments:
Doesn't matter how many stores they close. They have buyers that take the cash and tickets for themselves.
Then customer has to pay for it all in the end.
Buyers are dishonest and don't care about the consumer if they did they wouldn't remove local companies from their shelves.
Give it a few years and Frito Lay will own all the stores and Jay you can have a route near your home for being in bed with them all these years.
SuperValu needs to listen more to the lower folks who want to hold on to jobs and have a commitment to the communities where they live and work instead of corporate management who are only interested in how much of a bonus they can get by closing stores and putting people out of work
"oh its nothing personal,, Its just Business"
they need to remember what it is to earn a real living and not by pushing paper
Albertsons is just now starting to get competitive on pricing, but its too late. Their prices have been too high for too long and most of their customers have already gone elsewhere to shop.
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