date:Apr 25, 2013
The company blamed competitive pressures in certain markets and reduced promotional spending for the weakness in the unit that includes its Save-A-Lot stores, lower-price superstores and traditional supermarkets.
The company, which recently sold nearly 900 supermarkets in a $3.3 billion deal, said its fourth-quarter loss from continuing operations widened to $179 million, or 85 cents a share, from $42 million, or 20 cents per share, a year earlier.
Excluding charges related to noncash asset im