MONTVALE, NJ—A&P has sold 25 New York area stores to Stop & Shop, and published a list of the 25 stores that will be closing as a consequence of the grocery chain's bankruptcy filing Monday. Meanwhile, the union representing some 30,000 of the grocery chain's employees issued a statement calling on the firm and prospective buyers to “do what is right” for union members and their families.
Quincy, MA-based Stop & Shop Supermarket Company said late Monday it had an agreement to pay $146 million to acquire 25 A&P, Pathmark, and Waldbaums stores in the greater New York area and convert them to the Stop & Shop brand.
"Stop & Shop is always looking for convenient locations to better serve our customers," says 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."
The store closing list includes two A&P stores in New Jersey; 16 Pathmark stores in New Jersey, Pennsylvania, and Delaware; four Superfresh stores in Pennsylvania and Delaware; and three Waldbaums stores in New York.
Meanwhile, the union representing workers at A&P's stores expressed concern that employees might be negatively affected by the bankruptcy filing, and called on A&P and companies purchasing its assets to treat employees fairly.
“For decades, the dedication and sacrifices of hard-working UFCW members have been instrumental in keeping A&P's doors open,” the United Food and Commercial Workers Union said in a statement. “Every day, they have shown their commitment to their jobs, their coworkers, the community, and this union family. As difficult as this bankruptcy process is, our message to A&P is a simple one - we expect A&P to do what is right by members and their families.”
The UFCW, which says it represents about 30,000 of A&P's employees, went on to say that “our hard-working members are not just employees, they are the heart and soul of these stores. They are committed to their success and determined to make them even stronger. We remain united and look forward to working with any company that will do what is right by our members and their families.”
A&P also says it has agreed to sell about 120 stores for a total purchase price of $600 million.
The stores being acquired by Stop and Shop are:
- A&P, 400 Demarest Ave, Closter, NJ
- A&P, 195 N Bedford Road, Mount Kisco, NY
- Pathmark, 2136 Bartow Ave, Bronx, NY
- Pathmark, 961 E 174th St, Bronx, NY
- Pathmark, 1720 E Chester Rd, Bronx, NY
- Pathmark, 625 Atlantic Ave, Brooklyn, NY
- Pathmark, 2965 Cropsey Ave, Brooklyn, NY
- Pathmark, 25 Kinnelon Rd, Butler, NJ
- Pathmark, 3106 Farrington St, Flushing, NY
- Pathmark, 460 Franklin Ave, Franklin Square, NY
- Pathmark, 130 Wheatly Plz, Greenvale, NY
- Pathmark, 92 10 Atlantic Ave, Ozone Park, NY
- Pathmark, 4055 Merrick Rd, Seaford, NY
- Pathmark, 407 Valley St, South Orange, NJ
- Pathmark, 134-40 Springfield Blvd, Springfield Gardens, NY
- Pathmark, 1351 Forest Ave, Staten Island, NY
- Waldbaum's, 905 Atlantic Ave, Baldwin, NY
- Waldbaum's, 213-215 26th Ave, Bayside, NY
- Waldbaum's, 112 15 Beach Channel Dr, Belle Harbor, NY
- Waldbaum's, 67 Newtown Ln, East Hampton, NY
- Waldbaum's, 156 01 Crossbay Blvd, Howard Beach, NY
- Waldbaum's, 60 Wall St, Huntington, NY
- Waldbaum's, 85 E Park Ave, Long Beach, NY
- Waldbaum's, 702 Hicksville Rd, Massapequa, NY
- Waldbaum's, 167 Main St, Southampton, NY
The stores to be closed are:
- 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)
As reported earlier, A&P expects to continue operating in bankruptcy protection, and has arranged $100 million in debtor-in-possession financing from Fortress Investment Group.
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