SuperValu, Inc was an American wholesaler and retailer of grocery products.
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16 Facts About SuperValu Inc
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On July 26,2018, SuperValu announced that it had agreed to be purchased by Providence, RI-based United Natural Foods Inc, the largest distributor to Whole Foods Market and other natural foods stores.
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3.
SuperValu Inc founded the clothing store County Seat in 1973 and sold it to Carson Pirie Scott in 1983.
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4.
On January 23,2006, SuperValu announced that it, along with CVS Corporation and a collection of investors led by Cerberus Group, agreed to acquire Albertsons, Inc for $9.
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5.
On January 6,2011, SuperValu Inc announced it would close 20 underperforming stores.
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In September 2011, SuperValu announced the sale of all but 27 of its fuel centers to several convenience store chains, including Tesoro, Holiday Stationstores, Couche-Tard, and Stinker Stores.
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SuperValu Inc announced that it was seeking buyers for the remaining fuel centers as well.
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SuperValu Inc supplied a network of independent retailers that sometimes use the SuperValu Inc name.
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SuperValu Inc operated on a strategy of effective and efficient food distribution, conducting its retail food operations through a total of 2,349 retail food stores that were supplied by 32 distribution centers.
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10.
In October 2016, SuperValu Inc announced they were selling Save-A-Lot to Onex Corporation.
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SuperValu Inc will continue to supply all area FoodLand, Save-A-Lot and the independent Shop 'n' Save locations of western Pennsylvania and northern West Virginia.
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12.
SuperValu Inc enjoys economies of scale when dealing with the well-known national food firms like Kraft Foods, General Mills, Kellogg's, the beer manufacturers, meat suppliers, produce suppliers and dairy suppliers, as well as the health and beauty product suppliers, by purchasing in bulk and then distributing the goods by Direct Store Delivery from its distribution centers, which are located nationwide.
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SuperValu Inc owns two third-party logistics firms, Advantage Logistics and Total Logistic Control.
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15.
In June 2002, SuperValu Inc announced it would restate previous financial reports due to accounting irregularities uncovered at its pharmacy division.
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16.
On July 12,2002, SuperValu Inc lost a lawsuit over the use of improper accounting practices regarding the cost of goods sold for at least the previous four years, and paid a $4,000,000 settlement.
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