Supervalu CEO: We're Building Cub Foods, Not Selling It

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Supervalu Inc. has been selling off retail chains for years as it unabashedly refocuses on its better-peforming wholesale business. But that doesn't mean, its CEO says, that it's planning to cut loose Cub Foods.

The Star Tribune talks with Supervalu CEO Mark Gross on the changing face of the grocery store market and what it means — and doesn't mean — for Cub. The 80-store chain (all but one in Minnesota) still leads the Twin Cities grocery scene, but its market share has been cut in half in the past 20 years.

Metro Market Share and Chain Store Guide now put Cub's share at 20 to 23 percent and dropping, pressed by rivals from Target and Wal-Mart to newcomers like Trader Joe's and Hy-Vee. The chain also has had to deal with the struggles of parent company Supervalu (NYSE: SVU), which has unwound an ambitious push into retail, selling off most of its other grocery chains, including Save-a-Lot last year, and focusing on distribution instead.

To read the rest of the story, please go to: Minneapolis / St. Paul Business Journal