Supervalu to close 29 stores, eliminate 350 jobs

Supervalu to close 29 stores, eliminate 350 jobs
BOISE, Idaho — Supervalu Inc. announced this week plans to close more than two dozen grocery stores throughout the country.

The company says it's closing 29 stores in the United States (mostly on the east coast). A spokesperson told KBOI-TV that no Albertsons stores in Idaho are affected.

On the corporate front, the company also announced plans to eliminate 350 jobs from now until the end of May.

"At this point, we do not have any specifics on what positions will be impacted or where those impacts may take place," a spokesperson said.

The company recently reported a loss of $202 million, or 95 cents per share, for the quarter. That's compared with net income of $109 million, or 51 cents per share, in the same quarter last year.

Supervalu has a total of 2,505 stores and 192,000 employees.