Inver Grove Cub Foods to Close?

Eden Prairie-based Supervalu—owner of Cub Foods stores—told Finance & Commerce last week that it plans to slash $250 million in operational costs over the next two years. 

Minnesota is the home of 67 Cub Foods stores and while nothing has been decided yet about which stores are in trouble, according to Supervalu spokesman Jeff Swanson, the company is keeping its eye on the individual performance of each store. 

Swanson also told Finance & Commerce that, for the time being, Supervalu is mainly focused on reducing product prices. 

The future of the Inver Grove Heights location could be particularly perilous given the July 25 opening of a new Target, which will stock groceries and produce. 

Supervalu is the second major corporation to stir up concern among Inver Grove Heights residents in the last few months.

Richfield-based Best Buy announced on May 29 it would close 50 of its big box stores and lay off 400 employees, later pinpointing its Edina, Brooklyn Center, Hutchinson, Lakeville and Rogers locations.

Inver Grove Heights Patch will update this story as soon as a decision is made by officials at Supervalu. Be sure to like the IGH Patch Facebook to receive up-to-the-minute updates.