NEW YORK -- A sunny outlook on improving economics and promising early results from the new perishables format at A&P was clouded by an executive's admission that the long-term prognosis for the retailer's Food Basics discount division in the Midwest was "pessimistic at best." Difficulties in Detroit -- where A&P is reportedly looking to sell its holdings -- were detailed in remarks by Mitch Goldstein, executive vice president and chief financial officer for Montvale, N.J.-based ...
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