The following is from coupons in the news article sent to us by HTSFF Janeytom
The troubled supermarket operator Supervalu has now confirmed what’s long been rumored – it’s selling off several of its chains. Chicago-based Jewel-Osco, Philadelphia-based Acme, Boston-based Shaw’s and Star Market, and Albertsons stores in California, Idaho, Montana, North Dakota, Nevada, Oregon, Utah, Washington and Wyoming will all be sold to a group that currently owns the rest of the Albertsons stores in Arkansas, Arizona, Colorado, Florida, Louisiana, New Mexico and Texas. Supervalu will continue to own and operate Cub Foods, Farm Fresh, Hornbacher’s, Save-a-Lot, Shop ‘n Save, and Shoppers Food.
That’s quite a laundry list of stores. So if you shop at any of them – what does this mean for you? Prepare for everything from store closings, to coupon policy changes, to lower prices.
if Cerberus implements the same strategies and policies across all of its stores, several Jewel-Osco, Acme, Shaw’s and Star Markets could be closed, and those that remain may see changes like the elimination of loyalty cards and consistent coupon policies. Plus, while Supervalu operated each chain as a distinct entity, Cerberus may opt to convert them all to Albertsons. For now, the new owners are speaking only in generalities. “We see great potential to improve operations, drive new energy and create a ‘winning attitude’ with our store-level associates, and earn back our customers’ trust and business,” Bob Miller, the CEO of Cerberus’ Albertsons LLC said in a news release today. “We are very excited about the opportunity to acquire Acme, Albertsons, Jewel-Osco, and Shaw’s and Star Market.”
Read more HERE
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