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05/09/2001 Archived Entry: "A&P Bets the Store"

The Standard: A&P Bets the Store
Christian Haub is plotting one of the most audacious comebacks in retailing history. The 36-year-old chairman, president and CEO of A&P plans to spend $250 million in after-tax money during the next four years - more than half of the company's market value - to arm the grocery chain with some of the most sophisticated technology in supermarket retailing.
His aim: returning the 142-year-old fading corporate icon to glory by anticipating and fulfilling the customer's every need. The stakes are high for the company and for Haub.