SUPERVALU's (SVU) enormous crash thus far this year stands in contrast to Wal-Mart's (WMT 0.59%) new all-time highs. While it may seem strange to mention a broadline retailer like Wal-Mart in the same breath as a pure grocery play like SUPERVALU, in fact Wal-Mart is the largest grocery retailer in the United States and continues to strengthen its position with superior supply-chain management and economies of scale. Savvy investors will look to Safeway and Kroger with a cautious eye, wondering whether Supervalu's troubles are the canary in the coal mine for other grocers. Austin admits he will be watching competitors' same-store sales with particular interest going forward.
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