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 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.