MONTVALE, N.J. — A&P's latest turnaround effort careened sharply off course when the retailer abruptly replaced its newly installed chief executive officer and reported further deterioration of sales and a heavier quarterly loss, sparking concerns among analysts and debt-rating agencies. The first-quarter financial results, which one analyst said “shocked even the greatest of skeptics,” led to speculation about A&P's future liquidity. Rating agencies Standard & Poor's and ...
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.