A&P: FOOD BASICS NO CURE FOR AILING DETROIT STORES

NEW YORK -- A sunny outlook on improving economics and promising early results from the new perishables format at A&P was clouded by an executive's admission that the long-term prognosis for the retailer's Food Basics discount division in the Midwest was "pessimistic at best."Difficulties in Detroit -- where A&P is reportedly looking to sell its holdings -- were detailed in remarks by Mitch Goldstein,

NEW YORK -- A sunny outlook on improving economics and promising early results from the new perishables format at A&P was clouded by an executive's admission that the long-term prognosis for the retailer's Food Basics discount division in the Midwest was "pessimistic at best."

Difficulties in Detroit -- where A&P is reportedly looking to sell its holdings -- were detailed in remarks by Mitch Goldstein, executive vice president and chief financial officer for Montvale, N.J.-bas

Register to view the full article

Already a member? .