Self-Serve Shopping

Burke, Monte
February 2006
Forbes Asia;2/27/2006, Vol. 2 Issue 3, p14
The article focuses on the status of Albertsons as of February 2006. It recalls the strategy used by Albertsons CEO Lawrence R. Johnston to turnaround the struggling grocery chain in Boise, Idaho. He hired a motivational speaker to run retreats to boost employee morale. The grocery chain's market share declined and profits decreased 20 percent to $444 million in 2005. Albertsons was sold to Supervalu, CVS and a consortium of private investors for $17.4 billion in January 2006.


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