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A&P reduces loss, focuses on turnaround in Q3
MONTVALE, N.J. - A&P announced that sales for the third quarter were $1.8 billion versus $2 billion in last fiscal year’s third quarter. Comparable-store sales decreased 4.9%. The company reported that loss from continuing operations was $181 million versus last year’s third quarter reported loss from continuing operations of $502 million.
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Report: Costco gets $1 million tax break to build store
New York City -- Chicago's City Council on Thursday approved a $1 million property tax break for Costco Wholesale Corp. to build its second store in the city, Chicago Business reported.
The tax break was introduced by Mayor Richard M. Daley at a December City Council meeting. He asked that the retailer receive a $1 million tax break over 12 years for a store to be built at 14th Street and Ashland Avenue.