A&P NARROWS LOSS, BUT COMPETITION HITS SALES

MONTVALE, N.J. -- A&P has narrowed its losses, but stopping them will require more profitable sales and additional cost reductions amid heavy competition and consumer uncertainty, Christian Haub, chairman, president and chief executive officer, said in a conference call here last week."We are confident with our progress in merchandising and operations, which is moving our results in the right direction,"

MONTVALE, N.J. -- A&P has narrowed its losses, but stopping them will require more profitable sales and additional cost reductions amid heavy competition and consumer uncertainty, Christian Haub, chairman, president and chief executive officer, said in a conference call here last week.

"We are confident with our progress in merchandising and operations, which is moving our results in the right direction," Haub said, "but we are not so confident that the business environment -- spe

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