Tuesday, June 7, 2011
A&P Streamlines Supply
A&P requested approval from US Bankruptcy Court on June 6 to enter into a revised supply and logistics agreement with its principal wholesale supplier C&S Wholesale Grocers to generate estimated $50 million in annual savings, beginning upon emergence from bankruptcy, while gaining access to greater diversity of products.
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I just wonder how the $50 million annual savings was derived. Since the last contract the store base has shunk by over a third. Was the smaller store distribution base factored out of the savings?
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