Supervalu’s Key Asset: Save-A-Lot
August 23, 2012 | 1 min to read
ST. CLOUD – Looking for mayonnaise at the new Save-A-Lot grocery store here?
You won't find Hellmann's or Kraft, but Portmann's is plentiful. It's right by the Kurtz brand ketchup and not far from the Panner peanut butter. In-store brands are particularly big — they're cheaper.
The supermarket, while covering the food pyramid, runs extra-lean: It has a fraction of the items found at a conventional grocery store and a fraction of the employees. Even plastic bags cost consumers 3 cents apiece.
Save-A-Lot, a national deep-discount grocery chain, is a jewel for its troubled owner, Eden Prairie-based Supervalu Inc. With the grocery giant looking at selling assets, Save-A-Lot is perhaps its most marketable. Conversely, the chain will be critical for Supervalu's future if the firm isn't sold outright or in pieces.
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