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Supervalu names new heads for Albertsons Southern California, Acme and Cub Foods
Minneapolis -- Supervalu on Monday announced three new executive appointments following the departure of Sue Klug, president of its Albertsons Southern California division.
Dan Sanders has been tapped to head Albertsons Southern California, Keith Wyche will lead Acme and Brian Audette has been named president at Cub Foods.
Replacing Klug will be Sanders, current president of Supervalu's Acme Markets division, based in Philadelphia. Sanders joined Acme in 2010 from United Supermarkets, Lubbock, Texas, where he served as CEO.
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U.S. retail sales rise more than expected in March
New York -- The Commerce Department said Monday that retail sales rose a better-than-expected 0.8% in March as job gains and warmer weather encouraged more consumers to shop. The increase was below February's 1% increase but above January's pace.
Excluding both automotive and gasoline sales, retail sales rose 0.7%. Excluding the increase in auto sales, retail sales still rose by 0.8% in March.
Advance estimates put the total level of U.S. retail sales at a seasonally adjusted $411.1 billion for March.