Market Exits Widen First-Quarter Loss at A&P

Costly exits from Detroit and New Orleans caused A&P to post wider losses during its fiscal first quarter, officials of the retailer said. Results for the first quarter, which ended June 16, included a total of $125 million in losses associated with A&P's wind-down of operations of its Farmer Jack division in Michigan, as well as preparations to sell the Sav-A-Center banner in

MONTVALE, N.J. — Costly exits from Detroit and New Orleans caused A&P to post wider losses during its fiscal first quarter, officials of the retailer here said.

Results for the first quarter, which ended June 16, included a total of $125 million in losses associated with A&P's wind-down of operations of its Farmer Jack division in Michigan, as well as preparations to sell the Sav-A-Center banner in New Orleans. Those losses were partially offset with gains from the sale

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