Slow progress for US retail giant Supervalu
Supervalu, one of the largest retailers in the US, is trying to win back consumers with a range of initiatives. It is seeing improvements but progress remains slow and analysts are unsure how long it will take for the company to see its efforts truly pay off.
In the spotlight: Supervalu's long hard slog
12 April 2012
US retailer Supervalu saw its sales and gross profit fall yet again in its last financial year although CEO and president Craig Herkert insists progress is being made. Analysts acknowledge the company is on the right track but argue it could be years before it yields the full benefits of its moves to revitalise the business. Dean Best reports.
On the money: Supervalu CEO Herkert sees more "solid progress"
11 April 2012
Supervalu Inc chief executive Craig Herkert is expecting "another year of solid progress" at the US retailer as he pushes ahead with plans to revamp the business.
US: Supervalu underlying profits beat forecasts
10 April 2012
Shares in Supervalu Inc rose today (10 April) despite the US retailer reporting a loss for the last three months of its financial year, as underlying earnings beat forecasts.
US: Supervalu to cut 800 jobs
7 February 2012
US retail chain Supervalu Inc is to reduce its workforce by around 800 staff in a bid to accelerate a turnaround of the business.
In the spotlight: Supervalu looks to move on after challenging year
15 April 2011
Supervalu Inc, one of the largest grocers in the US, has had a troubled 12 months - some would argue two years - but the company's management is looking to the new financial year with optimism. Dean Best reports.
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