Supervalu Fires Herkert, Sales Named CEO; Goldman Sachs To Supervise Asset Review
Supervalu finally fired president and chief executive officer Craig Herkert on July 30, naming its non-executive chairman of the board Wayne C. Sales as president and CEO.
Wayne C. Sales New Supervalu President/CEO, Replacing Craig Herkert
Supervalu announced July 30 that Wayne C. Sales has been named president and chief executive officer, replacing Craig R. Herkert. Sales will continue to serve as chairman of the board.…
Taking Stock: The Beginning Of The End For SVU
Jeff's Metzger's analysis of the news that Supervalu has suspended its dividend and will see an asset review.
Giant, Weis, McCaffrey's Open Former Genuardi's Units
The three retailers that officially acquired 19 Genuardi’s stores over the past six weeks will have reopened all those units by the end of this month. And Safeway, parent company…
After Another Dismal Quarter, Supervalu Suspends Dividend, Seeks Asset Review
The end is near for Supervalu as we now know it following a dismal first quarter (ended June 16) in which the company once again saw key metrics plummet. Quarterly…
Taking Stock: Revamped AUSA Vendor Meeting Draws Praise
Jeff Metzger's analysis of Ahold USA's recently completed annual vendor meeting, and other news from the past few weeks in the supermarket industry.
Shoppers/Jumbo Founder Kenneth Herman Dies At 92
Kenneth Herman, who founded Jumbo Foods, which later became Shoppers, has died at age 92.
Weis Markets Promotes Kurt Schertle To Executive VP
Weis Markets announced the promotion of Kurt Schertle to executive vice president on July 2. “Kurt has played a key role in our company’s sales building initiatives and growth program,”…
Shoppers, UFCW Locals 400 & 27 Agree To New Two-Year Contracts
Shoppers Food & Pharmacy and UFCW Locals 400 and 27 have agreed to a new two-year labor contract.