Dec
14

A&P Grocery Bankruptcy May Be Opportunity for Competitors

By
– The State

The fall into bankruptcy court by the Great Atlantic & Pacific Tea Co. is the culmination of years of decline but creates an opportunity for its competitors and could mean further consolidation in the supermarket industry.

The nation’s oldest grocer filed for Chapter 11 bankruptcy protection Sunday after years of struggling with enormous debt, falling sales and rising competition from low-priced peers.

The company, which owns A&P, Pathmark, Super Fresh and other grocery stores, is scheduled to head to court Monday.

ARTICLE SHORTENED DUE TO LENGTH….

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