News

Supervalu selling off Utah-based Albertsons stores

BY Allison Cerra

MINNEAPOLIS A major retailer is selling off one of its subsidiaries.

Supervalu announced Tuesday that it reached an agreement with Associated Food Stores for the sale of the majority of its Albertsons stores located in Utah. The sale will include 36 Albertsons stores in Utah and their respective pharmacies and fuel centers, with the exception of three St. George-area stores which will remain Albertsons and continue to be operated by Supervalu.

In connection with this transaction, Supervalu is also seeking a buyer for its two Albertsons stores in Orem, Utah and two Albertsons stores in West Jordan, Utah, and will continue to operate those stores while a buyer is identified. Associated Food Stores intends to rename the 36 purchased stores, and expects to interview and offer employment to most Albertsons associates. Supervalu’s Salt Lake City distribution center will remain part of Supervalu and will remain open to serve Albertsons stores in Idaho, Wyoming and Montana. The transaction, which is subject to regulatory approval, is expected to close this fall. Supervalu will realize approximately $150 million in after-tax net proceeds from the sale.

”While this was a difficult decision due to the impact on our associates and the Utah community, the sale of these stores will allow the company to focus on our greatest growth opportunities while at the same time monetize non-strategic assets for debt paydown,” said Craig Herkert, Supervalu’s CEO. “Albertsons has a long history of serving the Utah marketplace, and the decision to sell these stores was made only after careful analysis and deliberation. We are pleased that Associated Food Stores plans to interview and offer employment to most Albertsons’ associates.”

Founded in 1939, Albertsons was acquired by Supervalu in 2006. Albertsons employs more than 3,000 associates throughout the state of Utah.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Ross Valley Pharmacy develops medication management, diabetes counseling initiatives

BY DSN STAFF

NEW YORK There are a couple of items of note with Ross’ announcement. First is the value of the pharmacist. A Kaiser Family Foundation poll released last week found that almost half of Americans are putting off healthcare costs, with 33% of Americans reporting that they’re replacing a possible doctor’s office visit with a trip to the pharmacy to purchase an over-the-counter solution. A higher incidence of OTC use combined with a lower incidence of consultation with a family practitioner could result in some pretty serious adverse events without the intervention of a MTM-minded pharmacist. To be sure, OTC medicines are proving to be very valuable to consumers during these recessionary times, but the fact is that nonprescription medicines are still medicines, and it’s not only important to use as directed, but also to speak with a pharmacist around a patient’s entire drug/supplement regimen.

 

Second, it further substantiates several trends — a trend toward utilizing Internet technology to help manage healthcare conditions; a marriage of sorts between that Internet interoperability and smart phones; and the desire to have a privacy-protected online home around those healthcare conditions.

 

TheCarrot.com site provides tools for tracking a variety of topics including health, nutrition, fitness, and medicines all within a layman-friendly calendar format. Through the free, anonymous service, consumers can achieve a more comprehensive view of their health conditions. TheCarrot.com also allows users to employ a cell phone or iPhone to upload healthcare datapoints.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Gaiam brings three classics films home for the holidays

BY Anna Mcgrath

BROOMFIELD, Colo. Gaiam is bringing together three classic holiday films from ITV Global with the DVD releases of festive films starring the great talents of Henry Winkler, Jason Gedrick, Rhea Perlman and Tom Arnold.

“The Most Wonderful Time of the Year,” “The Christmas Choir” and “Moonlight Mistletoe” debuted on the Hallmark Channel in 2008, and thanks to Gaiam, the films are coming to DVD for the first time on Oct. 13.

“We are thrilled to be working with ITV Global to bring all the fun and joy of these great new Christmas classics to consumers nationwide,” said William S. Sondheim, president of entertainment and worldwide distribution for Gaiam.  “These quality films truly embrace the warmth and heart of the holidays and will surely help bring the whole family together this season.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?