Supervalu has announced its intention to grow Save-A-Lot, its hard-discount retail chain, by 160 new stores in fiscal 2012.
Supervalu has a total network of 4,294 stores across the US and wants to grow its Save-A-Lot format to more than 2,400 outlets nationwide as part of its plan to deliver profitable growth to shareholders.
Craig Herkert, Supervalu's CEO and president, said: 'We are focused on acting as one company, working towards a common goal of delivering increased value to all of our customers.'
The plan, which was revealed at an investor meeting this week, also includes initiatives to grow Supervalu's wholesale distribution business and increase its presence in areas it thinks are currently underserved.
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