Struggling Shaw's, Star Market to Cut Prices

A sale could in the future for the Shaw's and Star Market, according to a report in the Boston Herald on Friday. The West Bridgewater-based Shaw's and Star Market has been struggling in its attempt to turnaround the company.

In effort to change the fortunes of the company, Minneapolis-based Supervalu Inc., said Wednesday, it will cut its prices aggressively and eliminate $250 million in expenses in the next two years. The company owns 4,400 stores across the country with $35 billion in annual sales.

“These are bold but necessary moves which will position Supervalu for success in this increasingly competitive environment,” CEO Craig Herkert said in a statement. “While our shift to a fair price plus promotion strategy is right for our business, it is essential that we move even more aggressively to lower prices, and anticipate and respond to competitor actions.”

Read more of the story at http://www.bostonherald.com/business/general/view/20220713shaws_star_market_parent_co_looking_to_sell/srvc=home&position=4