MONTVALE, N.J. -- A&P here opened its first domestic store last week under the Food Basics banner, a limited-assortment format that has been successful for the company in Canada. The initial test of the price-impact format comes at a shuttered store in Passaic, N.J. It's predicted a second unit is to open in Paterson, N.J., in January. Some industry observers see the price-impact format as ideally tailored to a declining economy. If the concept proves successful, A&P intends to ...
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