Groceteria.com

the debt they piled up buying Pathmark appears to have the major culprit. They also have supply chain problems as a consequence of contracting out to C&S.
http://www.wtop.com/?nid=111&sid=2198466
http://www.nj.com/news/index.ssf/2010/1 ... nkrup.html
http://www.reuters.com/article/idUSTRE6BC04720101213
http://online.wsj.com/article/SB1000142 ... lenews_wsj

Again?

One step closer to making Stop & P a reality.

Sad. The news sets a new skew on this thread, I must say...

I don't think this will be the end of A&P for a long shot. They pay leases on over 70 closed stores. Getting rid of those leases will save lots of money. They have more retired employees than active. I imagine they will cut or elimintate their pensions like the airlines did when they went bankrupt. The bankruptcy will go a long way towards elininating many of their legacy costs and either a) make them a stronger company post-BK or 2) a more attractive prospect for selling the company.

A reminder to all: posts and particularly speculation about current operations of chains are off-topic here. Feel free to discuss issues surrounding A&P in historical perspective here, but if your post is primarily about current operations, click here for an approriate message board.

Posts that are exclusively about current operations with no historical tie-in will be deleted without comment.

Thanks,
David