MONTVALE, N.J. — Costly exits from Detroit and New Orleans caused A&P to post wider losses during its fiscal first quarter, officials of the retailer here said. Results for the first quarter, which ended June 16, included a total of $125 million in losses associated with A&P's wind-down of operations of its Farmer Jack division in Michigan, as well as preparations to sell the Sav-A-Center banner in New Orleans. Those losses were partially offset with gains from the sale of Metro ...
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 complimentary access to the SN salary survey data tables.
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.