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Wal-Mart, SuperValu Joining First Lady To Boost Food Initiatives

By Karen Talley and Annie Gasparro Of Dow Jones Newswires NEW YORK -(Dow Jones)- Wal-Mart Stores Inc. (WMT) and SuperValu Inc. (SVU) on Wednesday morning said they will join with First Lady Michelle Obama to announce their latest efforts to bring food to areas that lack access to fresh and healthy offerings. Wal-Mart said it will open between 275 and 300 stores serving the Department of Agriculture designated "food desert" areas between now and 2016. These stores, in both urban and rural areas, largely populated by lower income consumers, will provide access to groceries for more than 800,000 people, Wal-Mart said. Since 2007, the company has opened 218 stores serving food deserts. SuperValu (SVU) said it will open 250 stores over the next five years in these underserved areas. SuperValu said this is part of its plan to double the number of Save-A-Lot over the next five years. The moves are also being cast as employment creation, providing tens of thousands of jobs. -By Annie Gasparro, Dow Jones Newswires; 212-416-2244; [email protected] -By Karen Talley, Dow Jones Newswires; 212-416-2196; [email protected]

Stock News for Supervalu (SVU)
DateTimeHeadline
02/14/201712:04:33Amended Statement of Ownership (sc 13g/a)
02/14/201707:12:12Amended Statement of Ownership (sc 13g/a)
02/10/201706:04:28Amended Statement of Ownership (sc 13g/a)
02/09/201708:30:00SUPERVALU Foundation Supports Hunger Relief with $1 Million in...
02/06/201715:38:13Statement of Ownership (sc 13g)
01/23/201717:20:41Current Report Filing (8-k)
01/20/201710:52:32Statement of Changes in Beneficial Ownership (4)
01/20/201710:46:25Initial Statement of Beneficial Ownership (3)
01/18/201706:30:00SUPERVALU Names Anne Dament as Its Senior Vice President of Re...
01/17/201712:54:20Amended Statement of Ownership (sc 13g/a)
01/17/201709:51:12Confidential Treatment Order (ct Order)
01/11/201716:49:31Quarterly Report (10-q)
01/11/201706:49:01Current Report Filing (8-k)
01/11/201706:30:00SUPERVALU Reports Third Quarter Fiscal 2017 Results
01/03/201717:00:00SUPERVALU Announces Fiscal 2017 Third Quarter Conference Call
12/09/201606:01:52Current Report Filing (8-k)
12/05/201616:30:00SUPERVALU Completes Sale of Save-A-Lot
11/18/201618:12:22Smithfield and Farm Fresh Partner With 106.9 The Fox and FM99...
11/09/201606:45:00SUPERVALU Named Grocery Wholesaler by America’s Food Basket
10/24/201611:52:18Statement of Changes in Beneficial Ownership (4)

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