A&P LAYS OUT EXPANSION, PROFIT STRATEGY

MONTVALE, N.J. -- A&P here plans to solidify profitability in markets where it has strong market shares while maintaining its other locations "as a basis for possible future development," James Wood, chairman and co-chief executive officer, told shareholders in the company's annual report.According to Wood, A&P's strongest markets are metro New York, Ontario and the Midwest.Indeed, A&P said last week

MONTVALE, N.J. -- A&P here plans to solidify profitability in markets where it has strong market shares while maintaining its other locations "as a basis for possible future development," James Wood, chairman and co-chief executive officer, told shareholders in the company's annual report.

According to Wood, A&P's strongest markets are metro New York, Ontario and the Midwest.

Indeed, A&P said last week that its net income for the fiscal first quarter rose 4.2% to

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