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SUPERVALU ANNOUNCES CAPITAL BUDGET FOR FISCAL 1994

 MINNEAPOLIS, March 19 /PRNewswire/ -- SUPERVALU INC. (NYSE: SVU) today announced a capital budget of $450 million for its fiscal 1994 year ending Feb. 26, 1994.
 "Our capital budget continues our history of aggressive investment in the continued vitality of our independent retailer customers and sustains our new emphasis on the development of corporately owned retail foods stores," said Mike Wright, chairman, president and chief executive officer of Minneapolis-based SUPERVALU.
 The budget provides sufficient funding for the growth and vitality of the newly expanded company, which includes Wetterau Incorporated, St. Louis-based food wholesaler acquired in late October 1992. Approximately $255 million or nearly 57 percent of the fiscal 1994 capital budget is slated for food distribution and manufacturing, of which $105 million is allocated for capital expenditures and $150 million is planned to support store development and financing for the company's 5,000-plus independent retailers. Among the retail development projects in fiscal 1994 is the first County Market to be operated by a Wetterau retailer, scheduled to open later this year.
 The budget also includes $175 million for retail capital expenditures, of which $25 million is slated for capital leases for company owned retail stores. Funding is provided for 9 new corporate Cub Foods discount food superstores, principally in existing markets, 15 corporate Save-A-Lot limited assortment stores; 1 new Laneco supercenter; 1 new Shop 'n Save warehouse food unit, and various major renovations of the company's retail store groups. Also provided for are two Max Club units, the company's entry into the warehouse club format. Two Max Club warehouse stores are planned to open in fiscal 1994 in the Southwest, one this summer, one late in the year.
 The company also expects that seven new franchised Cub Foods stores will open in fiscal 1994, bringing the total number of Cub Foods stores, both corporate and franchised to 111.
 The remaining $20 million of the $450 million capital budget will be used for corporate expenditures, principally computer related.
 SUPERVALU is the nation's leading food distribution company and a major food retailer, supplying more than 5,500 food stores in 44 states.
 -0- 3/19/93
 /CONTACT: Rita Simmer of SUPERVALU, 612-828-4429/
 (SVU)


CO: SUPERVALU INC. ST: Minnesota IN: REA SU:

AL -- MN008 -- 7904 03/19/93 12:27 EST
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Date:Mar 19, 1993
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