NEW YORK — Worsening product cost inflation — with many food products exceeding 5% cost increases — is making for a “painful” environment for A&P and its shoppers, Christian Haub, executive chairman of the Montvale, N.J.-based retailer, said at the Goldman Sachs Global Retailing Conference here last week.
Haub's remarks, which took on a decidedly more cautious tone than those at a quarterly earnings call five weeks earlier, accompanied another rigorous sell-off of A&P stock and ...
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