A&P Supermarket Chain Files Chapter 11 Bankruptcy

TWL_2015_july_blog7Just three years after its previous bankruptcy filing, A&P is once again seeking bankruptcy protection. According to The Wall Street Journal, the nation’s oldest supermarket chain filed Chapter 11 on Sunday signaling what many say is the end for the iconic brand. The company has struggled with stiff competition from every angle including the ubiquitous Wal-Mart, the health conscious Whole Foods, and the deeply discounted Aldi’s. In its court filing, A&P said it has found bidders for 120 of its 296 stores and will pursue buyers for the most of the remaining stores. It plans to completely close 25 underperforming stores.

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Image Source: Rowan Peter