A&P SETS $250 MILLION SYSTEMS BOOST

MONTVALE, N.J. -- A&P here said last week it will spend $250 million over the next four years to develop a new supply-chain and business-management infrastructure.The company said it expects the cost of the program to reduce net earnings for fiscal 2000, ending Feb. 24, 2001, by $1.50 a share. The company added the program's benefits should offset costs in fiscal 2001 and have a positive effect on

MONTVALE, N.J. -- A&P here said last week it will spend $250 million over the next four years to develop a new supply-chain and business-management infrastructure.

The company said it expects the cost of the program to reduce net earnings for fiscal 2000, ending Feb. 24, 2001, by $1.50 a share. The company added the program's benefits should offset costs in fiscal 2001 and have a positive effect on earnings beginning in fiscal 2002.

Equity analysts told SN the program was

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