Supervalu CEO Makes $9.3M in 2008
Minneapolis Supervalu Inc. CEO Jeff Noddle took in $9.3 million in total compensation for 2008, down from $11.9 million in 2007.
In a proxy statement filed with the SEC on Friday, Supervalu reported that Noddle made $1.1 million in salary for 2008, down slightly from $1 million in 2007.
He also received $2.5 million in stock awards for 2008, $2.7 million in options awards and $1.3 million through a cash incentive plan.
In 2007, he got $2.1 million in stock awards and $5 million in options, plus $1.5 million in incentive pay.
Last year the company earned $593 million, up 31% from $452 million in the previous year. For 2008, the company reported revenue of $44 billion, up 18% compared to $37.4 billion in 2007.
Sears.com expands entertainment offerings
HOFFMAN ESTATES, Ill. Sears said it is expanding its online store to include a greater selection of entertainment products. The Sears.com site will feature a wider assortment of books, DVDs, music, software and even customizable art, nearly quadrupling the number of products available on the site.
“We want Sears.com to become a key online resource for all entertainment and home needs, in addition to the quality appliances, tools and apparel for which we are already known,” said Imran Jooma, Sears vp of e-commerce. “The expanded offering allows us to better serve our customers and offer a lot more products than we’re able to provide in our stores.”
Winn-Dixie looks to streamline operations
JACKSONVILLE, Fla. Winn-Dixie Stores said it is looking to promote information sharing amongst consumer product manufacturers by partnering with IBM, Priva Technologies and TrueDemand Software to help better align merchandising, marketing and store operations, with a focus on driving more traffic to stores, increasing the average basket size per customer store visit and enhancing customer satisfaction.
This partnership reinforces Winn-Dixie’s commitment to become a leading neighborhood grocer in every market it serves. The use of industry-standard information will allow for reduced shelf-level out of stocks and the ability to tailor product offerings to fit each individual community in the grocer’s five-state operating area.