SuperValu Closing 60 Underperforming Stores, See $80-90M Charge

SUPERVALU INC.

today announced it will close approximately 60 underperforming or non-strategic stores this fiscal year including 38 in its retail food reporting segment and 22 Save-A-Lot locations. The majority of the stores are expected to close before December 1, 2012, the end of the Company's fiscal 2013 third quarter.