CENTRAL ISLIP, N.Y. -- Waldbaum's here has fired the latest salvo in an escalating price war in New York's Long Island, where Edwards Super Food Stores last month converted 15 former Foodtown stores to its banner. Earlier this month, Waldbaum's, a division of A&P, Montvale, N.J., rolled out an aggressive compare-and-save circular. The ad said, "If you shopped at Waldbaum's over the past four weeks with our Powerbuys, weekly specials [and] everyday low prices, you would have saved ...

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