TITLE

Self-Serve Shopping

AUTHOR(S)
Burke, Monte
PUB. DATE
February 2006
SOURCE
Forbes Asia;2/27/2006, Vol. 2 Issue 3, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
20992620

 

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