Cub Foods

MINNEAPOLIS -- Supervalu Inc. here is allocating $1 billion in capital expenditures for its retail operations in fiscal 2007, to revamp existing stores and build several new ones amid continuing integration of the stores it acquired from Albertsons Inc. earlier this month.

CARTERET, N.J. -- Pathmark here will introduce Pay By Touch finger-touch payment service in four of its supermarkets, as part of a test. The service allows shoppers to pay for groceries by using a finger scan linked to their checking accounts.

MINNEAPOLIS -- Supervalu, Inc. here said yesterday that it has appointed new executive management team to lead the company when its acquisition of Albertson's, Inc. retail properties is completed. The acquisition, which will create the third-largest U.S. grocery retailer, is expected to wrap up next month, following special shareholder meetings May 30.

CHICAGO -- The new owner of Supervalu's Cub Food stores here will close four of the units next month, marking the first ripple effects in the market from the sale of Albertsons.

STILLWATER, Minn. -- Cub Foods here is encouraging artists of all ages to show their community spirit during the second annual 'Cub Create Your Community' art contest.

MINNEAPOLIS -- Dragged down by charges related to divesting some operations and related cost-cutting initiatives to improve its supply chain network, fourth quarter profits for Supervalu Inc. here dropped more than 93 percent.

Caito Foods feeds more than fresh produce into the supply chain, with seminars that teach retailers how to compete better.

STILLWATER, Minn. -- CUB Foods here and Red Baron pizza celebrated what the partners termed a highly successful "Salute to Hockey Moms," which enlisted kids to write essays about why their mom should be the Red Baron Hockey Mom of the Year.