A&P, Montvale, N.J., said it is looking to grow profits in 2002 by increasing the penetration of private-label brands. "It is within our ability to drive penetration to at least 15%" from its current level of 12%, Beth Culligan, A&P chief operating officer, told investors at the Food and Drug Retail Conference sponsored by Credit Suisse First Boston. Each percentage-point increase, Culligan said, results in a $5 million increase in EBITDA (earnings before interest, taxes, ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.