Krause's SuperValu

MINNEAPOLIS - Supervalu Inc. has reached an agreement to acquire Deal$ - Nothing Over a Dollar, LLC, a 45-store general merchandise retailer specializing in single price point merchandise with current annualized revenues of approximately $75 million.

MINNEAPOLIS - Supervalu Inc. today announced record net earnings and earnings per share for the third quarter of fiscal 2002 which ended Dec. 1, 2001.

'You've got to push the envelope. The more you push, the more opportunities you'll find," says Jeff Noddle, president, CEO and COO of Supervalu. These days, Noddle, who took over the helm in June from long-time CEO Mike Wright, is pushing pretty hard, looking at opportunities outside Supervalu's traditional customer base —such as alternative formats, significant reductions in inventory, organic growth vs. acquisition, B2B initiatives, and a laundry list of other strategic issues.

Supervalu Inc. today announced advances in its extreme value retail strategy in its Southeast market with the acquisition of nine Save-A-Lot stores from former licensee Super Discount Markets Inc.

Fleming Cos. Inc., the No. 2 U.S. wholesale food supplier behind Supervalu Inc., today reported a 52 percent increase in third quarter 2001 net earnings to $22.8 million, or $0.47 per share, after adjustments to exclude strategic plan charges and one-time items, compared to $15.0 million, or $0.37 per share, in the third quarter of 2000.

SUPERVALU INC. on Thursday announced results for the second quarter of fiscal 2002, which ended September 8, 2001. The company reported sales for the second quarter of $4.7 billion, net earnings of $52.1 million, earnings per share of $0.39 and cash earnings per share of $0.46.