Published reports say that Supervalu plans to more than double its Save-A-Lot fleet of stores from the current 1,100 to some 2,500 stores, though no timetable has been announced. Roughly 25 percent of the current fleet is corporately owned, and the concept contributes close to 30 percent of Supervalu’s gross revenue.
- KC's View:
Interesting how, as Fleming bails out of retailing, Supervalu seems to see that it has greater value.
Focusing on the Save-A-Lot format is a smart move, especially since it creates a clear alternative to the Wal-Mart shopping experience.