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A&P Plans to Close 25 Stores
A&P on Friday said it would close 25 stores as it begins the implementation of its newly announced turnaround plan.
1 Min Read
JON SPRINGER
MONTVALE, N.J. — A&P on Friday said it would close 25 stores as it begins the implementation of its newly announced turnaround plan.
The stores slated for closure include locations in close proximity to other A&P-owned stores, those facing real estate and cost issues, and underperforming stores, the retailer said. The closures are expected to be completed during the fiscal third quarter, which begins in September.
A&P officials declined to provide a list of stores slated for closure, although a spokeswoman told SN Friday the closures “include those across our A&P, Waldbaum’s, Pathmark, Super Fresh and Super Foodmart banners.”
“While this was a very difficult decision that will unfortunately impact some of our customers, partners, communities and employees, these actions are absolutely necessary to strengthen A&P's operating foundation and improve our performance going forward,” Sam Martin, chief executive officer of A&P, said in a statement.
“We will help our affected colleagues pursue other positions across the company should open positions be available." As part of the store closure process, the company will encourage customers to shop at its other stores within or in close proximity to their communities.
