Supervalu (SVU) Gains 0.4% on Plan to Close Stores
Posted on September 06, 2012 at 10:19 AM EDT
Supervalu (NYSE: SVU) rose Thursday after the grocer announced plans to close 60 stores, which will result in a $90 million pre-tax charge in fiscal 2013. The Albertsons chain will lose 27 stores, while Save-A-Lot will see 22 stores closed. The closings will generate$35 mil...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)