A&P SEES STORE DEVELOPMENT AS GROWTH KEY

SPRINGFIELD, Mass. -- A&P believes its new store-development program is a major key to improving sales and profit performance over the next few years, Christian Haub, president and chief executive officer, told shareholders last week at the company's annual meeting here.The company, based in Montvale, N.J., also said it has purchased five Vitale Foodtown stores in northern New Jersey for $12.25 million

SPRINGFIELD, Mass. -- A&P believes its new store-development program is a major key to improving sales and profit performance over the next few years, Christian Haub, president and chief executive officer, told shareholders last week at the company's annual meeting here.

The company, based in Montvale, N.J., also said it has purchased five Vitale Foodtown stores in northern New Jersey for $12.25 million and reported declines in sales and earnings for the first quarter ended June 2

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TAGS: Center Store