Last updated on August 12th, 2015 at 04:19 pm
A judge has given approval for A&P to proceed with auctions for 118 stores and approval for the chain to close 25 stores. Acme Markets (76 stores), Stop & Shop (25 stores) and Key Food (17) have been identified as “stalking horse” bidders for those units with a bid deadline of Sept. 11. If no better offers are submitted, a sale hearing will take place Sept. 21. Going-out-of-business sales are under way at the 25 closing stores. A&P has asked the court for an order requiring other bidders to submit their bids by Sept. 11, with an expectation that court approval for the sale of the stores be received by Oct. 15.
The A&P stores expected to close in New Jersey are located in Holmdel, Cliffwood, Belleville Clifton (two), East Brunswick, Edison, Linden, Old Bridge, and Toms River.
New York stores expected to close are located in Baldwin, Centereach, Carle Place, Oceanside and Riverhead. Pennsylvania stores to close are located in Berwyn, Folsom, Philadelphia (three), Walnutport, Center Square and Kennett Square. Two Delaware stores expected to close are located in Wilmington and Claymont.
Unions have been informed that A&P would issue Worker Adjustment and Retaining Notification (WARN) to members in stores that are sold, and staffers in stores scheduled to close and not yet sold. The federal WARN Act requires employers to provide notice 60 days in advance of a plant closing.
