- Supervalu's CEO says his company will never again be a major retailer, but will instead focus on its business as a wholesaler to other grocers.
- Supervalu, which owns Cub Foods, Shop 'N Save, and three other supermarket chains, sold off its largest retail operations -- Albertson's, Acme, Jewel-Osco, Shaw's, and Super Markets -- to private equity in 2013, and began a substantial turnaround in earnings.
- Sam Duncan, Supervalu's chief executive officer, says the company's wholesale operations is already more than half the company.
You have to hand it Duncan. Certainly Wall Street has: Shares in Supervalu have tripled since he took the helm. Clearly the investment community likes what he's doing.
And now, although its been clear to observers for quite some time, Duncan is clearly stating what he sees as Supervalu's future: other grocers.