Supervalu selling Conn. Shaw’s markets

Supervalu selling Conn. Shaw’s markets
By Donna Goodison
Friday, February 12, 2010 - Updated 1h ago

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Supervalu Inc. is selling all 18 of its Shaw’s Supermarkets in Connecticut, the Minneapolis company announced today.

Supervalu said it’s reached agreements to sell 11 Shaw’s stores to individual owners and five others to Quincy’s Stop & Shop Supermarket Co. It is still seeking buyers for two more stores in the Nutmeg State.

“‘While these decisions are always difficult, given the impact on associates and customers, they ultimately allow us to operate more efficiently and effectively within a highly competitive retail environment,” Pete Van Helden, Supervalu’s executive vice president of retail operations, said in a statement.

The sales are expected to close this spring. The West Bridgewater-based Shaw’s will continue to operate 176 stores in five New England states.