Radian Develops Plan To Assist A&P In Turnaround Efforts
Radian, a leading U.S. provider of merchandising consulting services to the retail industry, has announced the “success of its strategic merchandising plan” for The Great Atlantic & Pacific Tea Co. (A&P). As part of its partnership with A&P over the last 18 months, Radian says it has helped establish and ingrain a myriad of core business processes, including category business planning, sourcing, store remodeling, promotional planning, store clustering and category reporting.
“Radian has been a great partner in re-architecting our merchandising vision and establishing core business process and planning capabilities during our reorganization,” said Tom O’Boyle, A&P’s EVP of merchandising and marketing. “Their support of our initiatives has resulted in significant, measurable sales and margin benefits.”
Radian’s analytically driven approach and extensive expertise in food retailing supports companies from strategic planning through implementation, according to a news release.
“A&P is reinventing itself to become the No. 1 food and drug store in every neighborhood it serves by meeting the needs of customers in those neighborhoods,” said David Umland, a principal at Radian. “We appreciate the opportunity to employ our unique expertise and integrated capabilities to collaborate with A&P in achieving their vision.”
A&P announced that it successfully consummated its financial restructuring and emerged from Chapter 11 bankruptcy protection as a privately held company on March 13.
Founded in 1859, A&P is one of the nation’s first supermarket chains. The company operates 320 stores in six states under the following trade names: A&P, Best Cellars, Food Basics, The Food Emporium, Pathmark, Superfresh and Waldbaum’s.