After Losing Ground Albertsons Will Implement Six Sigma

The nation’s #2 grocer has had a disappointing year. After this week missing financial targets set only one month before, the company’s stock has slipped 4.3%  to its lowest level since 2003.  In response, the company has vowed to cut $250 million in overhead for 2006, a cut driven in part by the expansion of its Six Sigma program which was originally brought to the company by CEO Larry Johnston, formerly of GE. Reports:

“We plan to focus on our consumer demand chain initiatives, coupled with savings generated through our recently launched Six Sigma program,” said Danielle Killpack, and Albertsons spokeswoman.