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    A&P in red


    The transformation of operations could not help Great Atlantic & Pacific Tea Co. (A&P) in improving sales as it posted a wider first-quarter loss on flat revenue.

    The company, based in Montvale, New Jersey, saw a quarterly loss of $1.03 a share, as compared to 15 cents a share a year ago.

    The loss also included a loss of $125 million from the non-core operations in the Midwest and New Orleans, which was offset by a gain of $78 million from the sale of Metro Inc. share, the company said in a statement.

    The company said in March it planned to buy Pathmark Stores Inc. for $1.3 billion in cash, stock and debt, but no development on that is reported.

    Founded in 1859, A&P is one of the first supermarket chains in the United States. The company operates 337 stores in 8 states and the District of Columbia under various trade names including A&P, Waldbaum’s, The Food Emporium, Super Foodmart, Super Fresh, Sav-A-Center and Food Basics.