Supervalu: Wind down of Albertson's relationship to conclude later this year
Supervalue says "The company's agreed upon wind down of its contractual relationships with Albertson's is expected to largely conclude later this year as has been previously disclosed. This wind down includes the end of the significant revenue from the transition services agreements as well as the need for us to relocate from the automated Lancaster, PA distribution center to the recently purchased facility in Harrisburg, PA. The final wind down of the TSA and related revenues this fiscal year and the incremental expenses for the Harrisburg facility end the benefits we have had from these relationships as a result of the 2013 transaction with Albertson's. We remain focused on cost reductions and right-sizing our cost structure in light of the changing nature of our business."