MONTVALE, N.J. — A&P’s new chief executive officer on Friday insisted the company was making progress toward strengthening liquidity, reducing costs and improving stores amid accelerated losses and plummeting sales in the fiscal second quarter. Sam Martin, who was named CEO in July to head a turnaround effort at the struggling retailer, said his new management team was at work on five “building blocks” of the turnaround, including an effort to add a new term loan that would provide the ...
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