SuperValu announces plans for streamlined independent business operation SuperValu announced plans for a streamlined independent business organization. As part of the new structure, SuperValuís independent business will consolidate from three regions to two regions, forming new East and West teams. The new East and West independent business regions will be located in Mechanicsville, VA and Hopkins, MN. SuperValu has named Kevin Kemp president of the East region and Bill Chew president of the West region.
Supervalu earnings had positive turning point in Q3, says Cantor After Supervalu reported stronger than expected Q3 results, Cantor thinks the company's EBITDA will continue to grow in Q4. The firm believes that Q3 represented a significant turning point in the company's earnings. It raised its price target on the name to $11 from $10 and keeps a Buy rating on the stock.