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Supervalu Shutting Down 30 Stores in 3 States

EDEN PRAIRIE, MN-The food wholesaler and retailer will accelerate growth of its Save-A-Lot chain, adding up 120 new stores this year. It also is upgrading stores throughout its Cub superstore chain in Illinois and Wisconsin.

By Jim McCartney | Updated on May 31, 2001

EDEN PRAIRIE, MN-Supervalu Inc. says it will close 30 supermarkets and supercenters as part of its attempt to exit such “non-core” markets in the LeHigh Valley of Pennsylvania/New Jersey and central Indiana. The food wholesaler and retailer says it wants to focus its corporate retail operations and capital spending in markets that offer better growth and profitability.

Despite this move, Supervalu is committed to retail operations as a core element of the company’s new platform for growth, says Jeff Noddle, Supervalu president, chief operating officer, and incoming chief executive officer. The company plans to grow retailsquare footage by about 5% for the current fiscal year.

Supervalu is ramping up the growth of Save-A-Lot — the company’s limited assortment chain — by adding another 100 to 120 new stores this year. The company also will open 10 to 15 price superstores in unspecified key retail markets.

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