Find companies:

The Great Atlantic and Pacific Tea Company

Job Work/Life Balance
Compensation/Benefits
Job Security/Advancement
Management
Job Culture
14 reviews

About The Great Atlantic and Pacific Tea Company

Once one of the biggest baggers of groceries in the US, The Great Atlantic & Pacific Tea Company (A&P) has been reduced to a shrinking portfolio of regional grocery chains. It now runs about 300 supermarkets in New Jersey, New York, Pennsylvania, and three other eastern states. In addition to its mainstay 80-store A&P chain, the company operates five – more... banners: Pathmark, Waldbaum's, Superfresh, Food Emporium, and Food Basics. A&P acquired its longtime rival in the Northeast, Pathmark Stores, for about $1.4 billion, but the purchase failed to reverse A&P's lagging fortunes. Indeed, A&P in 2012 emerged from 15 months in Chapter 11 bankruptcy after a financial restructuring and closing 75 stores.

Bankruptcy

A&P's December 2010 Chapter 11 filing capped years of struggle for the money-losing grocery operator. Bankruptcy documents listed $2.5 billion in assets and $3.2 billion in debt for A&P as of September 2010. In fiscal 2011 (ends February) A&P posted a net loss of nearly $600 million, marking its fourth consecutive year of unprofitability. The grocery operator exited bankruptcy in March 2012 as a privately-held company following an agreement with Yucaipa Companies, among others, that provided the grocery chain with $490 million in debt and equity financing.

Strategy

Under the leadership of CEO Sam Martin, who joined A&P in 2010 and saw the company through its restructuring, A&P is pursuing a comeback strategy focused on localization. It involves tailoring each store's product offering to the neighborhood and sourcing fresh-made and locally-grown produce and foods whenever possible. Martin plans to remodel more than half of the company's stores by mid-2017, with the aim of showcasing a neighborhood positioning for each store. Recent remodels include three  Food Emporium supermarkets in New York City, that cater to upscale tastes, and a pair of Pathmark stores in New Jersey, one of which caters to Hispanics while the other has a stronger kosher focus. The grocery operator is betting that by renewing its stores and tailoring merchandise and service initiatives to local markets, sales and profits will follow. Still, A&P must contend with fierce competition from nontraditional grocery purveyors (including Costco Wholesale and Wal-Mart Stores), and its customers' changing shopping habits. The company is reported to be considering the sale of its Food Emporium chain in a bid to boost liquidity. Food Emporium stores sit atop valuable Manhattan real estate. – less

The Great Atlantic and Pacific Tea Company Employer Reviews

Manager/Assistant (Former Employee), Edison, NJJune 27, 2014
Merchandise & Quality Analyst / Produce Manager (Former Employee), Camden, NJJune 23, 2014
Cashier (Current Employee), Millwood, NYJune 9, 2014
Sr. Network Engineer (Former Employee), Montvale, NJJune 3, 2014
Delicatessen Clerk (Current Employee), Riverside, CTMarch 10, 2014

The Great Atlantic and Pacific Tea Company Photos