A&P Posts FY Loss of $876.5M

MONTVALE, N.J. Work has already begun on Ron Marshall's plan to revive A&P, although the chain's struggles only intensified during his first months as the company's chief executive officer. In financial results announced last week, A&P posted a loss of $171.4 million on a comparable-store sales decline of 4.8% for the fourth quarter and a loss of $876.5 million for the fiscal year, which ended Feb.

MONTVALE, N.J. — Work has already begun on Ron Marshall's plan to revive A&P, although the chain's struggles only intensified during his first months as the company's chief executive officer.

In financial results announced last week, A&P posted a loss of $171.4 million on a comparable-store sales decline of 4.8% for the fourth quarter and a loss of $876.5 million for the fiscal year, which ended Feb. 27. Sales of $2 billion for the 12-week quarter were down 12.8% from $

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