RETAILING: A. & P.'s Big Close-Out

When Jonathan Scott was brought in as the first outsider ever to head the 116-year-old and no longer Great Atlantic and Pacific Tea Co., observers knew that he would swing the ax like no insider ever could. Last week, after only a month on the job, Chairman Scott, 44, took a tradition-shattering step toward revitalizing a company that long ago lost its place as the monarch of U.S. food retailing. He knew that A. & P.'s secretive, sometimes smug management had determinedly followed outmoded policies. It failed to invest in modern suburban...

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