US retailer A&P, which filed for Chapter 11 in December, has put more stores on the block as it continues to turn around its business.

The company said yesterday (13 March) that it had put 25 Superfresh stores across Maryland, Delaware and the District of Columbia up for sale.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

A&P’s Superfresh stores in New Jersey, Pennsylvania and the Maryland/Delaware shore area are not being up for sale, the retailer said.

President and CEO Sam Martin said the stores made available to buyers were “non-core” to the business.

“The company has been working hard to implement our turnaround strategy since last year. As part of our ongoing review of our store footprint, we determined that these 25 Superfresh locations are outside A&P’s core market,” Martin said. “While the decision to put these non-core stores up for sale will unfortunately impact some of our customers, partners, communities and associates, this is a necessary step in our efforts to restore the company to long-term financial health.”

See Also:

In February, A&P announced plans to close 32 stores as part of its turnaround programme. That month, the company appointed restructuring specialist Greg Rayburn to its board.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

A&P filed for Chapter 11 protection weeks before Christmas. As of 11 September, its debts stood at US$1.1bn.

Martin became CEO last July – A&P’s second chief in six months – and within weeks the retailer had announced store closures and changes to its management team but the moves were not enough to stop the company opting for Chapter 11.