Super Plans

Supervalu Inc. (Eden Prairie, Minn.) has announced plans to open 25 to 30 new stores and remodel 100 to 110 existing stores in the next fiscal year. Capital spending for the supermarket chain is expected to increase 33 percent, to $1.2 billion, in fiscal 2008.

Supervalu ceo Jeffrey Noddle said, “As we approach the one year anniversary of the acquisition [of Albertson’s] in June, we are on schedule with our plan to leverage our transformed business model. We are very well-positioned for the next stage of growth as we implement initiatives designed to further deliver the economics of the acquisition by leveraging our competencies in both retail and supply chain. I am confident that the full potential of the new Supervalu will continue to emerge in the years ahead.”

Supervalu completed the acquisition of Albertson’s Inc. (Boise, Idaho) in June 2006, for $12 billion, gaining 1100 retail locations and transforming it into one of the country's largest grocery retailers.