Supervalu said it's "in active dialogue with several parties" as the company seeks to sell some — or all — of its troubled supermarket empire.
Newly installed CEO Wayne Sales said Thursday, Oct. 18, that the company "has received a number of indications of interest" from would-be buyers. He declined to say more while talks are under way.
In the meantime, deterioration continues at one of America's largest grocery companies. Eden Prairie-based Supervalu owns Cub Foods in the Twin Cities, along with such prominent chains as Jewel-Osco in Chicago, Albertsons out west and Save-A-Lot hard discount stores.
In its second quarter, same-store sales fell another 4.3 percent, earnings fell short of analysts' expectations, revenue was down and even Supervalu's much-touted Save-A-Lot line suffered declines. On the earnings call, some analysts were blunt.
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