PARSIPPANY — The rumors have been flying for months. When Great Atlantic & Pacific Tea Company (parent company of Pathmark) announced their bankruptcy, Pathmark Parsippany wasn’t on any of the lists of locations being purchased. It was just a matter of time the store would end up on the list of stores being closed.
Parsippany Pathmark liquidation started this morning with discounts up to 30% off (although most items are 10% off).
More than 80 employees will be released from their jobs on November 26 – Thanksgiving Day according to WARN notices filed by the company late August.
The Great Atlantic & Pacific Tea Company, parent company for A&P and Pathmark, announced on Monday, July 20 that it has filed for bankruptcy.
Montvale-based A&P has told U.S. Bankruptcy Court that it is still seeking buyers for some 60 unsold stores, including Parsippany and five others in North Jersey, but that any stores that fail to find buyers will close by Thanksgiving.
Acme and Stop & Shop, which purchased a total of 96 A&P-owned stores, have moved quickly to convert them to their operations. On Thursday, Stop & Shop closed the Pathmark store at 25 Kinnelon Road in Kinnelon for remodeling, and announced that the store would reopen as a Stop & Shop on October 30.
Pathmark occupied 64,209 square feet in the Troy Hills Shopping Center. Troy Hills Shopping Center has a total of 207,000 square feet. Other stores include Michaels, Petco and LA Fitness.
