Supervalu closing 60 'underperforming' stores

Eden Prairie-based Supervalu announced Wednesday that it will close 60 stores in hopes of generating up to $90 million over the next three years. None of the stores are in Minnesota. The closures affect 22 Save-A-Lot locations, 27 Albertsons stores, four Acme stores, and one store from the Jewel-Osco chain. Eight other stores to be closed have not been released.

Author:
BMTN Staff
Updated:
Mar 8, 2018
Original:
Sep 5, 2012

Eden Prairie-based Supervalu announced Wednesday that it will close 60 stores in hopes of generating up to $90 million over the next three years. None of the stores are in Minnesota. The closures affect 22 Save-A-Lot locations, 27 Albertsons stores, four Acme stores, and one store from the Jewel-Osco chain. Eight other stores to be closed have not been released.

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Minneapolis-based Target and Richfield-based Best Buy closed roughly 200 stores on the east coast because of Hurricane Sandy on Monday. Eden Prairie-based Supervalu closed about 20 of its Acme Market stores.

The troubled Eden Prairie-based grocery-store chain is expected to provide prospective buyout firms financial information later this week, the Wall Street Journal reports. Last week, Supervalu hired Goldman Sachs to explore selling either part or all of its supermarket operations after it reported a plunge in quarterly profit.

Eden Prairie-based Supervalu said it will reduce its workforce by cutting supermarket-level jobs at its Albertson's stores in California and Nevada. Albertsons is the largest retail subsidiary of the Supervalu, with 247 stores in the western United States. Supervalu owns a dozen supermarket chains, including Cub Foods in the Twin Cities.

The Dayton Business Journal reports 120 people will lose their job when the Eden Prairie-based company consolidates the center. In February, Supervalu announced it was eliminating 800 jobs nationwide, including 200 workers in Minnesota.

The Brooklyn Center-based coffee chain plans to open locations in select Jewel-Osco stores in the Chicago area, the Pioneer Press reports. Caribou also plans to introduce its premium packaged coffee throughout the Supervalu-owned grocery chain.

Kmart store manager Tim Hayen told the Bemidji Pioneer he is unsure when the store will officially close its doors. As many as 60 employees, most of whom are part-time, will be affected by the closure.

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