It Could Happen to You

End of an Era

In 2003, the rug was pulled. Albertsons, under new management from the CEO down, announced huge cost-cutting targets. Executives were brought in from outside of the grocery industry to try to right what was perceived as a listing ship. Albertsons, big as the Titanic after the American Stores merger, was headed for some icebergs, and the company was throwing itself against the wheel to change direction in time.