The supermarkets in Shakopee and Savage appear to have made the cut, at least for the time-being.
Cub Foods’ parent company, Eden Prairie-based Supervalu, announced Wednesday that it will close 60 of what it called “underperforming” stores.
According to a company press release, Supervalu will close 27 Albertsons stores, most of which are in California; four Acme stores; one Jewel-Osco store; 22 Save-A-Lots and eight other stores Supervalu did not identify because of contract negotiations. Most of the closings will take place before the end of this year.
“These decisions are never easy because of the impact a store closure has on our team members, our customers, and our communities,” Wayne Sales, Supervalu’s president/chief executive officer/chairman, says in the press release. “Today’s announcement reflects our commitment to move with a greater sense of urgency to reduce costs and improve shareholder value.”
Cub Foods, the Twin Cities’ largest supermarket chain, will not be affected by the closings, Supervalu’s Mike Siemienas told the StarTribune on Wednesday.
Supervalu has been struggling of late, according to Reuters. In July, the company announced that it would suspended quarterly dividends paid out to investors and further slash its expenses through layoffs and store closings. There was also talk of selling the company—either in pieces or as a whole.
