A&P continues turnaround strategy, looking to close 32 stores
MONTVALE, N.J. — Bankrupt grocer A&P has filed a motion seeking court approval to close 32 stores in six states as the company continues to implement its financial and operational restructuring. The store closures are expected to be completed in the company’s fiscal first quarter, subject to court approval.
"As part of our turnaround and our ongoing review of our store footprint, we have decided to close these 32 locations. While this was a very difficult decision that will unfortunately impact some of our customers, partners, communities and employees, these actions are absolutely necessary as we work to strengthen A&P’s operating foundation and improve our performance. We will help our affected colleagues pursue other positions across the Company should open positions be available," stated A&P president and CEO Sam Martin.
Martin continued, "Delivering great value and service to our customers every day remains the focus of every A&P associate. Even as we reduce our store base and drive efficiencies across our company, we continue to take other important steps to enhance our customers’ overall shopping experience, including upgrading our private label brands. We are moving forward aggressively to make strategic decisions that will position A&P for a strong future."
The company, which filed for bankruptcy in December, operates 395 stores in eight states and the District of Columbia under the A&P, Waldbaum’s, Pathmark, Best Cellars, The Food Emporium, Super Fresh and Food Basics banners.
Off to the races
TAMPA, Fla. — The Daytona 500 is taking place this weekend, Sunday at 1 p.m. on Fox, and it kicks off the NASCAR season, which extends through November.
Here at a Tampa Walgreens, the store gets in a racing mood with a display from NASCAR sponsor Coca-Cola.
Lloydspharmacy names new managing director
COVENTRY, England — A U.K.-based community pharmacy chain has appointed Tony Page as its managing director, effective next week.
Lloydspharmacy, which operates 1,650 community pharmacies across the United Kingdom, said Page is a seasoned retail executive with more than 23 years of experience.
"I’m really excited about joining Lloydspharmacy," Page said. "We’re entering a new healthcare landscape, and there are significant opportunities for a business like Lloydspharmacy, which places the needs of all its customers at its heart. I look forward to leading the business as we embark on the next phase of our growth,"
As a community pharmacy chain, Lloydspharmacy fills more than 51 million prescription items annually and has about 17,000 employees. The chain offers a range of products aimed at improving community health, including affordable blood-pressure monitors and allergy relievers.
Also offered is a suite of convenient professional health check services, including free blood-pressure and diabetes testing, as well as cholesterol test and heart check services in the comfort of a private consultation room. Lloydspharmacy also offers an online pharmacy and an online doctor on its website.