Shaw’s
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Your Pocketbook Will Benefit at SuperValu
SuperValu (NYSE: SVU) has cornered 4.2% of the grocery market and stands at third place. The company is over 100-years old1 and their corporate main offices are in Eden Prairie, Minnesota. They operate 2,505 food and food/drug stores and 878 in-store pharmacies. In addition, they control 117 fuel centers that serve as the main distributor…
Filed under: Stores -
Shaw’s Planning 700 Job Cuts
Supervalu Inc., Shaw’s Supermarkets parent company has announced that it has plans to lay off at least 700 store workers. The chain of supermarkets said that this would help it deploy labor more efficiently and reduce expenses. Shaw’s has said that the layoffs will also assist the grocer to make more investments in customer-facing initiatives,…
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Fitch Confirms SuperValu Risky Rating
Fitch Ratings has confirmed the default ratings given for SuperValu as ‘CCC’ even with some divestitures announced last week that seemed to reduce the retailer’s exposure to many competitive pressures. These were counteracted, however, by deteriorating environment and high debt leverage in its businesses. The ‘CCC’ default rating given implies very high risk. Cerberus Capital…