New CEO says his plan is to fix Supervalu

  • Article by: MIKE HUGHLETT , Star Tribune
  • Updated: August 4, 2012 - 5:25 PM

The company may be for sale, but Wayne Sales says he's no caretaker. He wants to get Supervalu growing again.

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flossy2012Aug. 4, 12 7:54 PM

Get rid of the unions. Union workers are parasites that destroy companies from the inside out. If they get rid of the unions, they will be able to cut prices on what they sell to remain competitive with Target, Wal-Mart, and the other non-union grocers.

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gwbuddyAug. 5, 12 8:16 AM

Wayne plans to "Fix" Supervalu? Great! But, "How In The World" is he going to do just that? Other CEO's tried for years to "Fix" the company and things only got WORSE. Supervalu's declining stock price -- over the past decade -- is proof of that. I think that BANKRUPTCY is the only other tool that Wayne can bring into action. Supervalu needs to "Break Free" of the Debt, Union contracts, etc. that are keeping the company on a downward spiral. Without BANKRUPTCY, I don't think that Wayne can do much better than the CEO's that came before him.

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jaylitAug. 5, 1211:57 AM

His first priority is to get rid of Albertson's, a grocery chain primarily in California. Supervalu should have never acquired that under-preforming chain that was already in hot water before they bought it. Kind of reminds of Wachovia who bought Golden State trying to expand their banking business out West when Golden State was overloaded with a bunch of sub-prime mortgages. That eventually forced Wachovia to sell to Wells Fargo. Greedy CEO's who made extremely poor business decisions.

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railroadAug. 5, 12 1:15 PM

Try lowering the prices... Cub is getting too expensive to shop at... Walmart is much cheaper on canned goods but produce is terrible... Costco/Sam's club is the best place to shop. Cub meats are terrible...

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u29ac52Aug. 5, 12 3:17 PM

I wish him well, but I think that ship sailed. The best he can hope for is to slow the bleeding until he can unload some part of the company. The pity of this is so many good people lost their jobs to Jeff Noddle's big dream.

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felsiteAug. 5, 12 6:50 PM

Oh yes, unions are the root of all evil in failing businesses. It couldn't possibly be because of poor management or extremely bad business decisions (Albertsons), no it must be the unions that are causing all the problems. Grow up and stop reading the GOP talking points.

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djcrazyAug. 6, 12 6:38 AM

Cub has gotten really expensive. Just got back from getting some sale items there. Marie Callander frozen meals $4.64 at Cub while the same item is $2.50 at Walmart. Tombstone pizza is well over $6 while it is $3.68 at Walmart. Many other items are 50 - 100% more at Cub. Canned goods are also much more expensive at Cub. The meats at Cub are overpriced and poor quality. The Deli really is run of the mill and doesn't offer anything special to differentiate itself from other places. I agree, the quality of produce is better than Walmart but expect to pay a lot for it. Instead of all these price shocker lead items and such, they should be much more competitive on every day prices. Even Rainbow tends to have better sales. This may bring back customer loyalty. Almsteds Super Value is also close but same price problem, only worse. They DO have great chicken pot pies out of the deli though and are actually worth the $3.99. Otherwise, it is a no-brainer to go to Walmart when the price difference between Cub and Walmart on single items is double at Cub.

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lydia1952Aug. 6, 1212:50 PM

I agree that Cub has become very expensive, particularly in the last year or so. I simply cannot justify paying so much more. I really don't like Walmart, but if I need to do a lot of grocery shopping, I have to go where I can get the best bang for the buck. Target can be OK too, but doesn't have as much variety. Cub will have to compete on price of staple items to remain in business.

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gopherdudeAug. 6, 12 2:12 PM

SuperValu, cannot compete on price with Wal-Mart and Target in a Retail environment on grocery, they simply do not have the negotiating power or labor platform to compete on price. Wayne Sales need look no further then Save-A-lot chain for the Growth engine at Super-Valu. They need to go after Aldi's customers with a vengence. They can beat Aldi on "taste" by bringing the quality of there private label merchandise from the Grocery chains to Save-A-lot stores. Start rolling out these stores everywhere there is an Aldi's there should be a Save-A-lot. Save-A-lots would kick butt and take names on Aldi. Dumping Albertsons is a no brainer even at a loss. There is little value in the brand or chain and they are in deep water in California, AZ most of the western states. They really need to sell CUB foods and Shaws as those brands still have some customer loyalty. CUB and Shaws should try to go the way of Kowalskis or Coborns, delivery grocery service, bag your Groceries, convienence items and Deli items that matter and taste good not just run of the mill bakery or deli items, actually put some quality into the product and change your image. A real meat counter that isn't just a pony show. They really do need to divest from the CUB store brand. Stores are to large for the format and what they should be offering. Keep Jewel Oscoe but run it as a higher end store like Ralphs or Lunds/Byerlys in the Chicago market, it is still a good chain to have.

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mark79Aug. 6, 12 2:29 PM

It definitely has become too expensive to shop at Cub. I've switched over to Target entirely. The store brands are much better and prices are holding steadier.

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