ALBERTSON'S ON TRACK WITH ITS TURNAROUND EFFORTS

RENO, Nev. -- As it completes its year-old restructuring, Albertson's is on target to become an industry powerhouse, Larry Johnston, chairman and chief executive officer, told the company's annual meeting here."We've made steady progress toward our goal of transforming Albertson's into the No. 1 food-and-drug retailer," he said, "and the journey to that goal has become our passion."Business turnarounds

RENO, Nev. -- As it completes its year-old restructuring, Albertson's is on target to become an industry powerhouse, Larry Johnston, chairman and chief executive officer, told the company's annual meeting here.

"We've made steady progress toward our goal of transforming Albertson's into the No. 1 food-and-drug retailer," he said, "and the journey to that goal has become our passion.

"Business turnarounds are not easy, but they are achievable. Right now, Albertson's is standing

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