SUPERVALU TO INCREASE PRIVATE LABELS

Supervalu chairman and CEO Jeff Noddle told shareholders at the company’s annual meeting that the company plans to expand it private-label offering. According to supermarketnews.com, Noddle said that 35% of shoppers’ baskets contain some private-label items, “so we have a large opportunity to drive sales with our own brands.” Will this include new private label wine brands? We’ll keep you posted.

Supervalu also announced plans to open 25 to 30 new stores in its next fiscal year and do between 100 and 110 major remodels of existing stores.