Inside This Issue - News
Store closings planned by A&P
March 7th, 2011
MONTVALE, N.J. – A&P has said it will close 32 stores in six states as it continues to restructure its business.
The store closures, which are subject to approval by the U.S. Bankruptcy Court’s Southern District of New York, are expected to be completed by the end of the first quarter of A&P’s current fiscal year.
"As part of our turnaround and our ongoing review of our store footprint, we have decided to close these 32 locations," president and chief executive officer Sam Martin says.
"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," he says.
Martin says he hopes shoppers who use the stores slated to be shuttered will continue to shop at nearby A&P locations.
"Delivering great value and service to our customers every day remains our focus," he says. "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. We are moving forward aggressively to make strategic decisions that will position A&P for a strong future."