Content about Craig Herkert

July 30, 2012

Supervalu on Monday named Wayne Sales, a Canadian hall-of-fame-caliber retailer, as the company's president and CEO, replacing Craig Herkert.

July 12, 2012

Yikes! After a monstrous earnings miss, Supervalu suspended its earnings guidance and dividend and said it was exploring strategic alternatives.

July 12, 2012

When Craig Herkert left Walmart a few years ago to become president and CEO of Supervalu the situation that unfolded earlier this week at the grocer was not what he had in mind.

October 19, 2011

Supervalu reduced it full-year profit forecast Wednesday morning, even though the company reported better-than-expected second-quarter sales and profits as a result of strategies president and CEO Craig Herkert said are yielding results.

July 26, 2011

MINNEAPOLIS — In an effort to increase the stickiness of Supervalu shoppers, Supervalu president and CEO Craig Herkert on Tuesday spoke of the company’s “hyper-local retailing” concept during a conference call with analysts.

Supervalu’s commitment to growing its Save-A-Lot discount banner and its participation in First Lady Michelle Obama’s Partnership for a Healthier America campaign were other significant programs Herkert believes will help differentiate the grocer enough to drive trips and increase consumer loyalty.

July 26, 2011

Supervalu on Tuesday reported first-quarter fiscal 2012 net sales of $11.1 billion (down 3.7%, versus last year) and net earnings of $74 million (up 10.4%), or 35 cents per diluted share.

July 22, 2011

Supervalu announced that it has named Leon Bergmann as president of its independent business organization, reporting to Craig Herkert, CEO and president. He replaces Mark Anderson, who will be retiring from Supervalu later this summer.

May 12, 2011

Supervalu banner Save-A-Lot has appointed a new leader, replacing company veteran Bill Shaner, who has lead the division since 2006.

May 3, 2011

Supervalu detailed its strategic plan to deliver profitable growth in the future for shareholders at an investor event May 3.

April 14, 2011

MINNEAPOLIS -- Supervalu reported net sales of $8.7 billion for the fiscal 2011 fourth quarter, compared with sales of $9.2 billion for the same period last year. Supervalu's fourth-quarter net earnings were $95 million, or 44 cents per diluted share, compared with net earning of $97 million, or 46 cents per diluted share the company reported last year. 

January 11, 2011

There were three takeaways to come out of Supervalu’s third-quarter analyst call Tuesday morning: the deep discount banner Save-A-Lot will be the most significant catalyst for growth going forward; Supervalu aggressively is addressing pricing issues that have had consumers who are more accustomed to the “hi” in the grocer’s "hi-lo" pricing strategy shopping elsewhere; and while traditional Supervalu banners ACME, Shaw’s and even Jewel-Osco do not have a “For Sale” sign on their respective front lawns, at least not yet, they can be had for the right price.

January 7, 2011

Supervalu has named Janel Haugarth EVP merchandising and logistics. She will replace Steve Jungmann, formerly EVP merchandising, who is leaving the company effective immediately, the company reported. In her new role, Haugarth will be responsible for all merchandising activities across the company’s traditional retail and independent retail businesses.

November 17, 2010

Supervalu announced that David Boehnen, EVP, is transitioning to a new role at the company...

© 2014 Retailing Today. All Rights Reserved.