MONTVALE – Thousands of New Jersey workers will soon be out of jobs following the announcement that 10 supermarkets in the state will be closing down, and another 15 stores in other states.
The company also says it wants to close additional stores in order to pay its creditors and save jobs. Based on available information, Pathmark of Parsippany, 1157 Route 46, Troy Hills Shopping Center will remain open.
The Great Atlantic & Pacific Tea Company, parent company for A&P and Pathmark, announced that it has filed for bankruptcy and wants to sell 120 of its stores.
On July 20, 2015, The Great Atlantic & Pacific Tea Company’s (A&P) announced that it executed asset purchase agreements covering approximately 120 stores at a purchase price of approximately $600 million. In addition, A&P secured financing of $100 million and voluntarily filed for chapter 11. For the majority of our customers, they do not expect this to have any impact on your shopping experience.
The vast majority of our stores are operating normally and will be fully stocked during this process. While some stores will close in the near-term, the vast majority will continue providing customers with the same high-quality products and exceptional customer service. They will also continue to honor all existing customer promotional and loyalty programs.
The company says on its website that a vast majority of the stores will remain open and will continue to operate normally and be fully stocked.
The following 25 will be closing:
- A&P (2101 Route 35, Holmdel, NJ)
- A&P (325 Highway 35 South, Cliffwood, NJ)
- Pathmark (1764 Grand Avenue, Baldwin, NY)
- Pathmark (115 Belmont Avenue, Belleville, NJ)
- Pathmark (450 West Swedesford Road, Berwyn, PA)
- Pathmark (2150 Middle Country Road, Centereach, NY)
- Pathmark (85 Ackerman Avenue, Clifton, NJ)
- Pathmark (895 Paulison Avenue, Clifton, NJ)
- Pathmark (50 Racetrack Road & Route 18, East Brunswick, NJ)
- Pathmark (561 Route 1, Edison, NJ)
- Pathmark (420 McDade Boulevard, Folsom, PA)
- Pathmark (651 North Stiles Street, Linden, NJ)
- Pathmark (1043 Route 9 North, Old Bridge, NJ)
- Pathmark (840 Cottman Avenue, Philadelphia, PA)
- Pathmark (85 Franklin Mills Boulevard, Philadelphia, PA)
- Pathmark (1256 Indian Head Road, Toms River, NJ)
- Pathmark (300 South Best Avenue, Walnutport, PA)
- Pathmark (3901 Lancaster Avenue, Wilmington, DE)
- Superfresh (1301 Skippack Pike, Center Square, PA)
- Superfresh (2105 Philadelphia Pike, Claymont, DE)
- Superfresh (863 East Baltimore Pike, Kennett Square, PA)
- Superfresh (1851 South Columbus Boulevard, Philadelphia, PA)
- Waldbaums (2 Westbury Avenue, Carle Place, NY)
- Waldbaums (3620 Long Beach Road, Oceanside, NY)
- Waldbaums (1510 Old Country Road, Riverhead, NY)
The Great Atlantic & Pacific Tea operates food stores under numerous names: A&P, Pathmark, Food Basics, Food Emporium, Best Sellers, Super Fresh and Waldbaums.
The Stop & Shop Supermarket Company announced that it has entered into an agreement with The Great Atlantic & Pacific Tea Company to acquire 25 stores in Greater New York for $146 million. The agreement relates to the following stores:
- A&P, Closter, NJ
- A&P, Mount Kisco, NY
- Pathmark, Butler, NJ
- Pathmark, South Orange, NJ
- Pathmark, Greenvale, NY
- Pathmark, Springfield Gardens, NY
- Pathmark, Brooklyn, NY
- Pathmark, Flushing, NY
- Pathmark, Seaford, NY
- Pathmark, Ozone Park, NY
- Pathmark, Franklin Square, NY
- Pathmark, Brooklyn, NY
- Pathmark, Bronx, NY
- Pathmark, Bronx, NY
- Pathmark, Bronx, NY
- Pathmark, Staten Island, NY
- Waldbaum’s, East Hampton, NY
- Waldbaum’s, Southampton, NY
- Waldbaum’s, Baldwin, NY
- Waldbaum’s, Massapequa, NY
- Waldbaum’s, Belle Harbor, NY
- Waldbaum’s, Bayside, NY
- Waldbaum’s, Howard Beach, NY
- Waldbaum’s, Long Beach, NY
- Waldbaum’s, Huntington, NY
The agreement is subject to further terms and conditions set forth therein and subject to court approval in A&P’s bankruptcy case filed on July 19, 2015, which include the potential of a subsequent auction under which other higher bid or bids could be received and accepted by A&P for these stores. The agreement is also conditioned on regulatory requirements, including expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
“Stop & Shop is always looking for convenient locations to better serve our customers,” said Don Sussman, Stop & Shop’s New York Metro Division President. “We are very happy to have the opportunity to expand our presence in greater New York and serve new customers. We look forward to providing customers with delivering unmatched selection, quality and value that they have come to expect from Stop & Shop.”
Upon completion of the transaction, Stop & Shop plans to convert these Waldbaum’s, Pathmark and A&P stores into Stop & Shop stores. Additional details regarding the conversions will be announced at a later date. The sale is currently expected to close within the second half of 2015.
