Wednesday, March 23, 2011

Supervalu (SVU) Looks for Cost Savings in Bagging Strategy

In a move that could save millions of dollars a year, Supervalu (NYSE:SVU) said it is putting into effect a policy of bagging in a more efficient manner.

Baggers at the company have been asked to place more items in the bags when bagging, and items with handles could be left out of a bag altogether.

It is a simple and effective practice if employees buy into it, and cost nothing other than a simple change in practice.

Supervalue was trading at $8.42, down $0.03, or 0.36 percent, as of 12:33 PM EDT.

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