What's eating Supervalu?
Five years ago this past week, Supervalu Inc. announced a blockbuster $12 billion deal for Albertsons Inc., tripling its retail operations and making it one of the nation's largest supermarket operators with stores from coast to coast.
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#1 Feb 3, 2011
"In conference calls with analysts, Herkert stressed during the past two quarters that Supervalu has been working hard to get its prices more in line with competitors', and will continue to do so. In meat and seafood, he said earlier this month, the company has reduced "everyday" prices on some key items more than 30 percent."
I work in the Meat and Seafood department. I haven't seen reductions, quite the opposite. Is being the biggest retail chain really worth it?
#2 Feb 6, 2011
I find it kind of funny: many times over the course of my life I have heard various companies say one thing and at the very same time,do the exact opposite.
Seems that supervalu is doing the very same thing.
Shaws has been on the auction block after Albertonsons paid 2.5 billion and then shaws ,via Albertsons sale to supervalu for 3 billion.
now that supervalu has royally screwed up their managing of shaws they are trying to recoup the price they paid for shaws to begin with.
I heard that they would settle for 1 -1.5 billion but in a somewhat phone call auction ,bidding stopped at 800 million 3 -4 weeks ago .only thing left is for supervalu to sell or close all the out lying stores and sell all that remains of the inner city/quality by high sales storees and dump everything else...gonna be very costly for supervalu but thats why God invented tax lawyers ...S.V. is gonna take a huge hit to the tune of almost 1.8 billion loss...they deserve it due to their operating shaws with blinders on . They have no one to blame but themselves...
how can you operate 4000 stores ? there are thousands of stores that the president hasn't even been to and he owns them !!
I feel sorry for all the employees and what is about to happen to them all !!
#3 Feb 7, 2011
Nothing is being done here. Craig and Pete have out the smoke and mirrors. New good to great str dir program is another joke in a long list. They are claiming autonomy to the great directors, that's the carrot? Don't fool urself there is nothing being done here. There is no communication from anyone. What has pete or craig done since they have been there? Nothing!
Its all about the result and there are none bottom line.
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