MALVERN, PA—The A&P store location fire sale continues as ACME Markets says it has an agreement to acquire 76 A&P stores in Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvania under the A&P, Superfresh and Pathmark banners. Separately, two industry observers say the A&P bankruptcy is unlikely to have much effect on the grocery retail sector.
“This is A&P's second bankruptcy and it has not really be a viable player in the industry for 20-25 years,” David Livingston, president of DJL Research, a supermarket location research firm in Milwaukee, tells GlobeSt.com exclusively. “They've pretty much been forgotten, been considered and ineffectual competitor.”
Livingston says the store turnover is pretty typical and the brand changeover won't cause much disruption.
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