A&P SET TO SPEED UP CONVERSION TO LOW-COST FORMAT IN CANADA

MONTVALE, N.J. -- A&P here said it plans to accelerate conversion of stores in Canada to low-cost formats over the next few months. Some of the stores will remain under corporate ownership, while others will be franchised. According to James Wood, chairman and chief executive officer, "We have accelerated our conversion of stores [in Canada] to low-cost formats, in keeping with the marketplace, and

MONTVALE, N.J. -- A&P here said it plans to accelerate conversion of stores in Canada to low-cost formats over the next few months. Some of the stores will remain under corporate ownership, while others will be franchised. According to James Wood, chairman and chief executive officer, "We have accelerated our conversion of stores [in Canada] to low-cost formats, in keeping with the marketplace, and now project that more than half of our Canadian stores will be operating under those for

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