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Closures expected to be completed in the company's fiscal third quarter
The Great Atlantic & Pacific Tea Co. Inc. (Montvale, N.J.) is closing 25 stores in five states as the company begins to implement a comprehensive turnaround. While no specific locations have been announced, the company says affected stores will include those in close proximity to other company stores, those facing real estate and cost issues, and underperforming non-core stores.
"As part of our turnaround, we have initiated a detailed review of our store footprint and have decided to close these 25 locations,” says A&P president and ceo Sam Martin. "We are moving forward aggressively to advance our turnaround and position A&P for a strong future. Even as we reduce our store base and drive efficiencies across our company, A&P continues to remodel stores and take other important steps to enhance our customers' experience across our store formats."
The company says it will re-open two newly remodeled stores in the coming month.
Founded in 1859, A&P is one of the nation's first supermarket chains with 429 stores in 8 states and the District of Columbia under the names A&P, Waldbaum's, Pathmark, Pathmark Sav-a-Center, Best Cellars, The Food Emporium, Super Foodmart, Super Fresh and Food Basics.
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