GRAND UNION HOLDINGS CASH FLOW DECLINES

WAYNE, N.J. -- Grand Union Holdings Corp. here said operating cash flow declined 2% to $43.5 million in the third quarter ended Jan. 8.sales in the 12-week quarter. In last year's third quarter, cash flow was $44.4 million, or 6.7% of sales.GUHC said sales totaled $584 million in the quarter compared with $661 million in the year-ago period. Year-ago results, however, include the company's former

WAYNE, N.J. -- Grand Union Holdings Corp. here said operating cash flow declined 2% to $43.5 million in the third quarter ended Jan. 8.

sales in the 12-week quarter. In last year's third quarter, cash flow was $44.4 million, or 6.7% of sales.

GUHC said sales totaled $584 million in the quarter compared with $661 million in the year-ago period. Year-ago results, however, include the company's former Big Star stores in Atlanta.

Excluding the Big Star results, sales in th

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