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Following sale, Supervalu's remaining businesses will be 'in great shape' CEO says
MINNEAPOLIS — The sale of 877 stores to Cerberus Capital Management will help Supervalu re-energize its remaining three businesses, current Supervalu president and CEO Wayne Sales told analysts Thursday morning. "What this means … is the company is smaller," Sales said. "And we exit with a much smaller balance sheet to ensure liquidity going forward," he said. This sale will not be followed by any further divestitures, Sales said. "We're not shopping any other assets."
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Walmart, Sam's Club launch new contact lens program for 2013
BENTONVILLE, Ark. — Walmart and Sam's Club are introducing a new contact lens program for 2013, the retailers said Thursday.
The new program will allow customers to visit Walmart's or Sam's Club's website or call a toll-free number to place contact lens orders and have them delivered to their homes, with free shipping available for orders of more than $50. In addition, the two are offering low prices for certain Acuvue, Air Optix and Biofinity lenses, while Walmart is planning to launch its private-label Equate brand in February.