Current management failed to come up with a winning strategy to fend off the competition at the low end with Wal-Mart and at the high end. There is no strategy other than cutting costs.
More Quotes from David Dietze:
People were looking for a quick 26 and to go home, and now there is that uncertainty. Will they be able to find a new set of playersDavid Dietze
It was a hairy deal. It had four different moving parts, so you can imagine the concern. I think 26 became less attractive given the extra risks.
David Dietze
This is not what Larry Johnston envisioned when he took on the job, but amid relentless competition there was just a very long path to profitability.
David Dietze
When the average investor wants to know how the market is doing, they're asking how the Dow is doing.
David Dietze
This deal would really vault Supervalu into the big time. It will significantly increase the scale of Supervalu.
David Dietze
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Based on Topics: Competition Quotes, Success QuotesHow far that little candle throws its beams! So shines a good deed in a naughty world.
William Shakespeare
The beauty of a face is not a separate quality but a relation or proportion of qualities to each other.
George H. Mead
Truly it is an evil to be full of faults; but it is a still greater evil to be full of them and to be unwilling to recognize them, since that is to add the further fault of a voluntary illusion.
Blaise Pascal