A&P continues turnaround strategy, looking to close 32 stores
MONTVALE, N.J. — Bankrupt grocer A&P has filed a motion seeking court approval to close 32 stores in six states as the company continues to implement its financial and operational restructuring. The store closures are expected to be completed in the company's fiscal first quarter, subject to court approval.
"As part of our turnaround and our ongoing review of our store footprint, we have decided to close these 32 locations. While this was a very difficult decision that will unfortunately impact some of our customers, partners, communities and employees, these actions are absolutely necessary as we work to strengthen A&P's operating foundation and improve our performance. We will help our affected colleagues pursue other positions across the Company should open positions be available," stated A&P president and CEO Sam Martin.
Martin continued, "Delivering great value and service to our customers every day remains the focus of every A&P associate. Even as we reduce our store base and drive efficiencies across our company, we continue to take other important steps to enhance our customers' overall shopping experience, including upgrading our private label brands. We are moving forward aggressively to make strategic decisions that will position A&P for a strong future."
The company, which filed for bankruptcy in December, operates 395 stores in eight states and the District of Columbia under the A&P, Waldbaum's, Pathmark, Best Cellars, The Food Emporium, Super Fresh and Food Basics banners.