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Struggling Supervalu confronts rising prices
Dow Jones Newswires ^ | 1/11/11 | annie gasparro

Posted on 01/12/2011 4:32:15 PM PST by maine yankee

Inflation looks to be the biggest challenge for Supervalu as it tries to bring prices back down in line with competitors to win customers back. "With all of our major vendors announcing their intentions to pass along rising costs, we expect store prices to rise throughout the calendar year," anywhere from 3 percent to 14 percent, Chief Executive Craig Herkert said during an earnings conference call Tuesday.

(Excerpt) Read more at twincities.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: food; inflation
My seed catalogs have started to arrive. Time to plan the expansion of the 'John Galt Victory Garden'
1 posted on 01/12/2011 4:32:17 PM PST by maine yankee
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To: maine yankee

i ordered San Marzano tomato seed and the package information is in Italian.

I can’t wait to use my new greenhouse!


2 posted on 01/12/2011 4:34:18 PM PST by griswold3 ('civil dialogue' meaning stop laying out the incontrovertible evidence of my being wrong)
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To: maine yankee
Exorbitant food prices will help trim the American population from it morbidly obese status.
3 posted on 01/12/2011 4:40:56 PM PST by Cisco Nix (Because the left is ugly and the right is beautiful.)
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To: maine yankee

I wonder how long it will be before the fast-food chains eliminate their dollar menu items...


4 posted on 01/12/2011 4:58:52 PM PST by NYTexan
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To: maine yankee

The food supply must be taken away from the fascists in Washington.

The states must step in and tell the federal fascist alaphabet agencies that if they disrupt or attempt to disrupt any state’s food supply, through edict, rule or administrative court decision, they’ll be arrested on charges of state-sponsored terrorism and tried before a state military court. And a finding of guilt will be punished by death by hanging.

It’s time for states to push back hard against these federal nazis.


5 posted on 01/12/2011 5:03:37 PM PST by sergeantdave
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To: Cisco Nix

Someone on the message boards said that Supervalu is “shipping its jobs to India”. No wonder they have to raise prices, if you have to go to India to get groceries.


6 posted on 01/12/2011 11:16:59 PM PST by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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