GRAND UNION PLANS TO TURN AROUND SALES

MAHWAH, N.J. -- Grand Union Co.'s new management team told shareholders last week that its strategy to turn around the company's slumping sales would be reflected in the next quarterly report.Speaking here at the company's annual meeting, Chief Executive Officer J. Wayne Harris acknowledged that the first half of the fiscal year was a disappointment. (As reported in SN, sales for the first half of

MAHWAH, N.J. -- Grand Union Co.'s new management team told shareholders last week that its strategy to turn around the company's slumping sales would be reflected in the next quarterly report.

Speaking here at the company's annual meeting, Chief Executive Officer J. Wayne Harris acknowledged that the first half of the fiscal year was a disappointment. (As reported in SN, sales for the first half of fiscal 1997 dipped 2.6% to $1.2 billion. Comparable-store sales fell 1.7% in the period

Register to view the full article

test - Advanced Registered User

Already a member? .