Our ink (USA:SVU) shares are down sharply on Monday, as the company reportedly exploring sale.
Friday report from Bloomberg showed that in retail, the company is working with counsel to consider its options, which include a potential sale, according to people familiar with the matter. The company has not yet made a final decision on whether or not to seek a buyout from another company, according to sources who chose to remain anonymous because details of the sale still not public.
Supervalu basically works as a grocery wholesaler that supplies products to more than 1,800 stores. It only directly employs about 200 points, after the sale of most of its brick-and-mortar operations in recent years. Private brands of the company on the label gluten-free include wild plants, and stone ridge Creamery selling ice cream.
The retail industry took a huge success with Amazon.com ink. (Nasdaq:events of the week) bought all the food last summer in the e-Commerce merchant has drastically reduced the prices of all products goods, because he can. This step led to others in the industry to increase their spending in technology for retail, and also delivery of products to attract more buyers.
Regional retailers such as our struggling trying to keep up with grocery giants across the country, which explains why sales may be on the horizon.
SVU shares fell Monday 8%.