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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. Additionally, the Company provides supply chain services, primarily
wholesale distribution, across the United States retail grocery channel.
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 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”). As part of the Acquisition, the Company acquired the
Albertsons, Acme Markets, Bristol Farms, Jewel, Osco, Sav-on and Shaw’s Supermarkets trademarks and
tradenames (the “Acquired Trademarks”). The Acquisition greatly increased the size of the Company. Results
of operations for fiscal 2007 include 38 weeks of operating results of the Acquired Operations.
SUPERVALU is focused on long-term retail growth through targeted new store development, remodel
activities, licensee growth and acquisitions. During fiscal 2009, the Company added 44 new stores through
new store development and closed 97 stores. 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. These reportable segments are two distinct businesses, one retail and one wholesale, each with
a different customer base, marketing strategy and management structure. The Retail food reportable segment is
an aggregation of the Company’s retail operating segments, which are primarily organized based on geography.
The Retail food reportable segment derives revenues from the sale of groceries at retail locations operated by
the Company (both the Company’s own stores and stores licensed by the Company). The Supply chain
services reportable segment derives revenues from wholesale distribution to independently-owned retail food
stores, mass merchants and other customers (collectively referred to as “independent retail customers”) and
logistics support services. Substantially all of the Company’s operations are domestic. Refer to the
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