Supervalu Inc., the third-largest U.S. grocery store chain, said Thursday it has received a “number of indications of interest” as it conducts a review of strategic options.
The company is in “active dialogue” with several parties, Eden Prairie, Minn.-based Supervalu said in a statement. There can’t be any assurance the review will result in a transaction, the company said.
Supervalu has been weighing a new direction after losing more than $2.5 billion in its previous two fiscal years, hurt by competition from discounters and costs to run stores. The company Thursday posted sales in its fiscal second quarter that dropped 4.6 percent, the 14th straight quarterly decline.