Albertson's, Boise, Idaho, is focusing its energies on developing "a fitness regimen to get the company back into peak competitive shape," Larry Johnston, chairman and chief executive officer, told investors at the annual Credit Suisse First Boston Food and Drug Retail Conference.
The goal, he said, is "to create the world's No. 1 food-and-drug retailer in all aspects. We're far from there yet, but we're solidly on the right path."
Johnston and Peter Lynch, president and chief