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Supervalu considers spinning off its best banner
Minneapolis – Supervalu Inc. beat Wall Street expectations for profit in the first quarter of fiscal 2016 and also announced it is considering spinning off its Save-A-Lot grocery banner. Net earnings soared 42% to $61 million, from $43 million in the same quarter the prior fiscal year.
Cost of sales rose at a slower pace than net sales, aiding profit growth. Net sales rose 3% to $5.41 billion, from $5.26 billion.
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UPS makes shipping and delivery more convenient
Atlanta - UPS is expanding the number of locations customers can pick up and drop off packages. The company is expanding the number of cities it offers the UPS Access Point network, which offers package pickup and drop-off at local businesses, primarily neighborhood convenience and grocery stores, dry cleaners and delicatessens with extended evening and weekend hours.

