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The SVU board needs to adpot the "noddle rule" for any future male candidates for CEO or chairman of the board - any male candiate needs to be at least 5' 11". They sure came up short when noddle was running the company.
Safeway has the same problem as Supervalu, just in the early stage. I think Walmart and Target have shown you only need to carry the items that are commonly needed on a day to day basis. Selection isn't everything if your not getting sales off it.
SVU needs to drop prices and get the word out, defer debt payments or BK it.
SuperValu's proposed new pricing strategy sounds eerily similar to what is going on over at JC Penney right now, and how is that working out for them...???
I know 2 things about Cub. I have lived here for 18 years. I used to love shopping there. They got rid of the good and replaced with the cheap. I have friends that work at Cub and the comments they started making. I started asking where did the products I have been buying go? I rarely shop at WMart, I can be seen in Byerly's. You cannot out Kmart Aldi's!
CUB AND RAINBOW USED TO BE TO BE ABOUT THE QUALITY AND PRICE, CUB BRINGS NEW MANAGEMENT, THEIR FIRST ORDER OF BUSINESS IS TO RAISE ALL THEIR PRICES TO DRIVE ALL THE OLD TRUE CUSTERMER BASE AWAY AND NOW SELL THE BUSINESS, HARVARD WAY OF DOING BUSINESS, RAINBOW SOLD TO ROUNDY'S AND THEY KNOW HOW TO TREAT CUSTOMERS, TO SUPER VALUE STOCK HOLDERS, THE PRICE WILL GO MUCH LOWER BEFORE YOU ARE TAKEN PRIVATE.
Here is what Craig Herkert should do if he wanted to REALLY "Straighten" out the company: (1) File Bankruptcy and (2) Have the Court terminate ALL labor contracts, pension obligations, debt, etc. Then, start over with both new management and a new, lower cost, business plan for today's marketplace. Mr. Herkert has said that Bankruptcy is NOT an option. However, I don't think that he has any other choice. I feel sorry for Mr. Herkert because of the mess that he inherited from former CEO Jeff Noddle. His buying Albertsons turned out to be a "Catastrophic Mistake" for Supervalu, it's customers, and it's employees.
SV is so top heavy with management it's outrageous. They could eliminate from the top down and save hundreds of thousands if not millions of dollars. But you & I know - - that is not going to happen. Shameful what has happened to this once great place to work.
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