BOISE, Idaho - Albertsons here said last week it has reached its goal of achieving $1.25 billion in cost savings a full year ahead of schedule. The company, which is in the process of being acquired, also reported a decline in performance for the fourth quarter that ended Feb. 2. Albertsons set the cost-containment goal in mid-2001. However, with the $103 million in savings achieved in the fourth quarter, the company said it had already reached cumulative savings of $1.26 billion. Larry ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.