Business: Price and Pride on the Skids

Can anyone revive A. & P. ?

When Jonathan L. Scott was brought in as an outsider in 1975, he appeared to be the man to shake up the insular A. & P. Chairman Scott, now 47, swung a cruel ax on "Grandma," as employees sometimes call the venerable food chain. He closed 1,700 stores, released 10,000 employees, borrowed heavily to revamp and enlarge the remaining 1,932 supermarkets. He hired 19 new executives, including Grant C. Gentry, who left the flourishing Jewel chain to become A. & P. president. Said Scott: "I have a...

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