Supervalu could jettison Albertsons, Save-A-Lot chains

  • Article by: MIKE HUGHLETT , Star Tribune
  • Updated: December 5, 2012 - 8:30 PM

The company is reportedly considering selling the stores after a larger deal stalled.

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cheiron55402Dec. 5, 1211:25 AM

Supervalu was running just fine before they bought Albertsons. What a financial albatross!

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johndontDec. 5, 1212:15 PM

I think Albertsons was doing fine in the 1980s and prior. I don't know what happened to them, but I don't think Supervalu hurt them anymore than they were already hurt and Supervalu sure didn't help them either.

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obamafone4meDec. 5, 12 1:34 PM

Sad day for everyone that invested and held when this stock was flying high. If the stock gets back up to $5.00 they will be lucky.

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moron100Dec. 5, 12 1:50 PM

Bigger is not always better.

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texas_technomanDec. 5, 12 5:52 PM

They are probably selling Save-a-lot and throwing in Albertson's for free to sweeten the deal. They went into debt to buy Alberton's...which was already in trouble. Former CEO and the Board of Directors should have all been fired for that deal, with no severance!

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ffedericoDec. 5, 1210:39 PM

I believe much of the problem with Roundy's and Super Value is that they are unionized and have difficulty competing in price with the non-union Walmart and Target groceries. They are like the legacy airlines competing with the low-cost airlines.

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snootafiskDec. 6, 12 2:22 AM

The race to the bottom continues.

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joe777Dec. 6, 1210:45 AM

Whether you agree with ffederico or not that is the truth. SuperValu, Roundy's, Byerly's, and Lunds can't compete with Target and Wal-Mart for two reasons; Target and Wal-Mart have tremendous buying power so their wholesale costs will always be less. And, of course, Target and Wal-Mart are paying their people $8.00/hr, not $20.00/hr.

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