MONTVALE, N.J. — Work has already begun on Ron Marshall’s plan to revive A&P, although the chain’s struggles only intensified during his first months as the company’s chief executive officer. In financial results announced Thursday, A&P posted a loss of $171.4 million on a comparable-store sales decline of 4.8% for the fourth quarter and a net loss of $876.5 million for the fiscal year, which ended Feb. 27. Sales of $2 billion for the 12-week quarter were down 12.8% from $2.3 ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.