A&P'S TURNAROUND EFFORT STALLS IN WEAK ECONOMY

MONTVALE, N.J. -- A&P here said last week it will invest gross margin to shore up sales and protect its market share in a fiscal year that has turned out to be more difficult and less predictable than anticipated."We were able to improve profitability and achieve modest comparable-store sales gains in the first quarter despite difficult market conditions," Christian Haub, chairman and chief executive

MONTVALE, N.J. -- A&P here said last week it will invest gross margin to shore up sales and protect its market share in a fiscal year that has turned out to be more difficult and less predictable than anticipated.

"We were able to improve profitability and achieve modest comparable-store sales gains in the first quarter despite difficult market conditions," Christian Haub, chairman and chief executive officer, told securities analysts. "But we didn't meet our performance goals, an

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