Skip to main content
Updated:
Original:

Supervalu plans to lay off 700 in New England

Eden Prairie-based Supervalu will cut about 700 grocery store jobs at its Shaw's and Star Market subsidiary stores in New England, two weeks after it posted a loss for the second quarter and said it was considering selling the company, the Associated Press reports.
Author:

Eden Prairie-based Supervalu will cut about 700 grocery store jobs at its Shaw's and Star Market subsidiary stores in New England, two weeks after it posted a loss for the second quarter and said it was considering selling the company, the Associated Press reports.

Next Up

Flickr - police lights squad siren - Edward Kimmel

Man who threatened suicide by cop detained, hospitalized

Officers responded to the incident at around 1:40 a.m. Friday.

northbound remodel facebook

Northbound brewpub reopens with new look, revamped menu

It had been closed since October for the big remodel.

Snow, Hanley Falls

Latest storm track, snow forecast for weekend winter storm

The National Weather Service has issued a winter storm watch.

gianni's wayzata heated patio

These Twin Cities restaurants have heated patios for outdoor winter dining

From bonfires to igloos, Twin Cities restaurants have you covered as temperatures drop.

Kirill Kaprizov

Kirill Kaprizov's slow start is a thing of the past

A potential sophomore slump has been erased with a three-point night against the Devils..

mpd aldi incident screengrab

Video shows MPD officer grab, throw Aldi customer

The department says the matter was referred to the Office of Police Conduct Review.

US Sec Defense Flickr - Joe Bide Nov 11 2021

Biden lays out wintertime plan to curb COVID's spread

It comes as the U.S. reported its second case of the omicron variant.

Willow River DOC

MN Dept. of Corrections offering $5K bonuses as it seeks to hire 200

The DOC is offering hiring bonuses for new employees and for referrals.

Related

Supervalu to lay off 200 workers in Minnesota

The job cuts are part of 800 layoffs around the country. Most of the Minnesota job cuts will occur at the grocery giant's corporate offices in Eden Prairie, though some workers at distribution centers and Cub Foods offices will also get pink slips. Store-level employees are not included in the downsizing.

Supervalu to open books for potential buyers

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.

Supervalu eliminating up to 2,500 positions in California, Nevada

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.

Target, Best Buy, Supervalu among retailers impacted by Hurricane Sandy

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.

Supervalu fires CEO, names replacement

Supervalu has pushed out CEO Craig Herkert from the struggling Eden Prairie-based supermarket chain, the Associated Press reports. Chairman Wayne Sales will take on the roles of president and chief executive officer as Supervalu explores a possible sale of its operations following disappointing quarterly results.

Supervalu posts another grim quarter, hints at potential buyers

Supervalu Inc., owner of Cub Foods and other prominent chains, has posted a loss of $111 million in its fiscal second quarter, compared to a profit of $60 million a year earlier, the Star Tribune reports. The struggling Eden Prairie-based supermarket chain also reported its same-store sales fell 4.3 percent from the same period a year ago.

Supervalu to sell Midwest distribution center in Wisconsin

Eden Prairie-based Supervalu Inc. has inked a deal to sell its supermarket distribution center near Kenosha, Wis., to Meijer Inc., a Michigan-based retailer and grocer, the Milwaukee Journal Sentinel reports. Terms of the deal were not released. Supervalu is set to move out of the 580,000-square-foot facility by 2013.

Supervalu offers top execs retention pay, options

The struggling Eden Prairie-based supermarket chain is trying to "retain and motivate key employees." Earlier this month, Supervalu suspended its dividend and is considering a sale of its operations. A regulatory filing shows CEO Craig Herkert, CFO Sherry Smith, executive vice president Janel Haugarth and EVP Andrew Herring were awarded non-qualified stock options and retention agreements as long as they stay with the company through 2014.