The reductions at Supervalu will include current jobs and open positions that won't be filled.
Minn-based Supervalu is his 2012 short pick, which is also in the food retail business.
Last year he saw trouble for Supervalu in negative same-store sales growth and cyclical challenges.
This summer, Supervalu fired its CEO and tapped Chairman Wayne Sales to lead a turnaround.
Analysts generally think investors should stand pat on SUPERVALU, with 11 of 13 analysts rating it hold.
Overall, our panel generally thinks that Supervalu is in a tough situation, really not of their own making.
Should Supervalu get out of one of these businesses and focus on the other two to simplify things?
Unique pressure points will come from competitors Wal-Mart , Target and potentially better operated Supervalu stores.
Sam Duncan, who most recently was CEO of OfficeMax, will replace Sales as head of Supervalu after the deal closes.
Just half a year ago, Fleming had muscled aside its rival Supervalu and negotiated a 10-year exclusive supplier relationship with Kmart.
Although SUPERVALU reported profit of 28 cents a year ago, the consensus estimate calls for earnings per share of 13 cents.
SuperValu too, offers this at a limited number of stores: locations with fuel centers and in partnership with local gas stations.
Supervalu has about 3, 470 stores in the U.S. and approximately 35, 000 employees.
On Thursday Supervalu completed on the sale of Albertson's, Jewel-Osco, Acme, Shaw's and Star Market to an investor group led by Cerberus Capital Management.
While there are issues that remain to be resolved in Congress and in the states, companies such as Supervalu are seeking low-cost payment alternatives.
The most surprising thing about the mess at Supervalu ( SVU), which switched out CEOs this week, is the credentials of the departing Craig Herkert.
In short, Supervalu was a mega wholesaler and did the best job of supplying regional and independent supermarkets, according to many who know the industry.
Great CIOs that recognize that include Sabine Everaet (Coca-Cola Europe), Oliver Bussmann (SAP), Cora Carmody (Jacobs Engineering), Anthony Scott (Microsoft) and Wayne Shurts (Supervalu).
Grocery stores from Winn-Dixie to SuperValu have already confirmed such expectations.
While bigger chains such as Kroger Co. have adapted by tweaking store formats and improving discount programs and product offerings, Supervalu has scrambled to keep pace.
Sysco competes with such companies as United Natural Foods, and reports from grocery chains like Supervalu and Whole Foods can offer some guidance on its performance.
Walgreens, Supervalu, Walmart and several regional grocers announced a commitment to build or expand 1, 500 stores in c ommunities with limited or no access to healthy food.
The company will be opening its Washington fulfillment center at the end of April and working initially with about 35 local providers, including a local SuperValu location.
FORBES: Relay Marches On Washington: Grocery Delivery Startup Gets $8 Million For Metro Expansion
Prospects for Supervalu and Skilled Healthcare hold less certainty since they gains have been driven purely by speculation and not any actual intent by the companies themselves.
Both have been adept in their own ways at twisting the arms of retailers such as Walmart, SUPERVALU and Walgreens to open grocery stores in underserved areas.
ECONOMIST: Poor access to fresh food is a solvable health problem
Walgreens, Supervalu, Walmart and several small grocers announced a commitment to build or expand 1, 500 stores in communities with limited or no access to healthy food.
Following the sale, Supervalu will focus on its Save-A-Lot discount stores, as well as its smaller regional chains Cub, Farm Fresh, Shoppers, Shop 'n Save and Hornbacher's.
Supervalu-owned Cub Foods recently offered coupons good toward fuel purchases.
Grocery retailer Supervalu will also report quarterly earnings Thursday.
FORBES: Retail Sales Rose In March As Inflation Fears Emerge For Food, Gas Prices
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