A&P has closed raft of stores since entering Chapter 11 bankruptcy protection in 2010

A&P has closed raft of stores since entering Chapter 11 bankruptcy protection in 2010

US retailer A&P, which is looking to emerge from bankruptcy this year, has said it plans to close another 14 outlets.

A&P, which has closed a raft of stores since it fell into Chapter 11 at the end of 2010, said yesterday (9 January) that it would shut 14 "under-performing" outlets in four states.

President and CEO Sam Martin said the closures were "absolutely necessary" to help "strengthen A&P's operating foundation and improve our performance".

He added: "We are continuing to take the steps necessary to position A&P to emerge from Chapter 11 with a strong future and ensure that we remain focused on our top priority – providing great value and service to our customers every day."

The retailer operates over 330 stores in six states under banners including A&P, Pathmark and The Food Emporium.

In November, workers at A&P agreed to take a pay cut of around 3% to help the business.

The deal meant A&P won court approval for financing of $490m from private-equity firms Yucaipa and Mount Kellett Capital Management and investment funds managed by Goldman Sachs.