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."
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
