ALBERTSONS ACHIEVES COST CUTS; 4Q PERFORMANCE SLIPS

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,

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 bill

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