Major grocer SuperValu announced late Wednesday that it is closing 60 underperforming stores. SuperValu's chains include Albertsons and Shop 'n Save, and it has 4,400 stores, so 60 may not seem like a lot. But the move will have serious repercussions for the company.
Chicago entrepreneur Karriem Beyah grew up working in the grocery business, but when he courted some industry heavyweights to bring stores to the South Side, their response was disdainful: "Who wants to go over there?" It's not just a Windy City problem.