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...
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.
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 retail chain Supervalu Inc is to reduce its workforce by around 800 staff in a bid to accelerate a turnaround of the business.
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.
© Copyright Verdict Media Limited 2021
