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PART I
ITEM 1. BUSINESS
General Developments
SUPERVALU INC. (“SUPERVALU” or the “Company”), a Delaware corporation, was organized in 1925 as the
successor to two wholesale grocery firms established in the 1870’s. The Company’s principal executive offices
are located at 11840 Valley View Road, Eden Prairie, Minnesota 55344 (Telephone: 952-828-4000). All
references to the “Company” or “SUPERVALU” relate to SUPERVALU INC. and its majority-owned
subsidiaries.
Additional description of the Company’s business is found in Part II, Item 7 of this Annual Report on
Form 10-K.
SUPERVALU is one of the largest companies in the United States grocery channel. SUPERVALU conducts its
retail operations under the following banners: Acme Markets, Albertsons, Bristol Farms, bigg’s, Cub Foods,
Farm Fresh, Hornbacher’s, Jewel-Osco, Lucky, Save-A-Lot, Shaw’s Supermarkets, Shop ‘n Save, Shoppers
Food & Pharmacy and Star Markets. SUPERVALU also provides supply chain services, which primarily
includes wholesale distribution and related logistics support services. The Company’s principal market is the
United States.
All dollar and share amounts in this Annual Report on Form 10-K are in millions, except per share data and
where otherwise noted.
On June 2, 2006 (the “Acquisition Date”), the Company acquired New Albertson’s, Inc. (“New Albertsons”)
consisting of the core supermarket businesses (the “Acquired Operations”) formerly owned by Albertson’s, Inc.
(“Albertsons”) operating approximately 1,125 stores under the banners of Acme Markets, Bristol Farms, Jewel-
Osco, Shaw’s Supermarkets, Star Markets, the Albertsons banner in the Intermountain, Northwest and Southern
California regions, the related in-store pharmacies under the Osco and Sav-on banners, 10 distribution centers
and certain regional and corporate offices (the “Acquisition”). The Acquisition greatly increased the size of the
Company. Results of operations for fiscal 2008 include 52 weeks of operating results of the Acquired Operations
compared to 38 weeks for fiscal 2007.
SUPERVALU is focused on retail growth through targeted new store development, remodel activities, licensee
growth and acquisitions. During fiscal 2008, the Company added 73 new stores through new store development,
acquired eight stores and closed 85 stores, 28 of which were acquired through the Acquisition. The Company
leverages its distribution operations by providing wholesale distribution and logistics and service solutions to its
independent retail customers through its Supply chain services segment.
The Company makes available free of charge at its internet website (www.supervalu.com) its annual reports on
Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and any amendments to these reports
filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”) as soon as reasonably practicable after such material is electronically filed with or furnished to
the Securities and Exchange Commission (the “SEC”). Information on the Company’s website is not deemed to
be incorporated by reference into this Annual Report on Form 10-K. The Company will also provide its SEC
filings free of charge upon written request to Investor Relations, SUPERVALU INC., P.O. Box 990,
Minneapolis, MN 55440.
Financial Information About Reportable Segments
The Company’s business is classified by management into two reportable segments: Retail food and Supply
chain services. Retail food operations include results of the Company’s own stores and results of sales to limited
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