Superfresh, Pathmark Closing Local Stores
The A&P supermarket chain has filed for bankruptcy for the second time in just five years. It owns Superfresh, Pathmark, Food Basics, The Food Emporium and other brands — and has 296 total locations.
The company has $2.3 billion in debts and $1.6 billion in assets, according to The Street. Meanwhile Fortune has an idea of who may purchase A&P: “The company said was in talks with Acme Markets Inc, owner of Safeway and Albertsons grocery stores, Shop & Shop Supermarket Co LLC and Key Food Stores Co-operative Inc to buy its assets.”
Of the 25 underperforming stores set for closure, two are in Delaware, 10 are in New Jersey, five are in New York and eight are in Pennsylvania.
Here are the nine stores set for closure in the Philadelphia area, according to various news reports:
- Superfresh: Skippack Pike in Center Square
- Superfresh: E. Baltimore Pike in Kennett Square, Pa.
- Superfresh: Columbus Blvd. in Philadelphia
- Superfresh: Philadelphia Pike in Claymont, Del.
- Pathmark: Swedesford Rd. in Devon, Pa.
- Pathmark: MacDade Blvd. in Folsom, Pa.
- Pathmark: Cottman Ave. in Philadelphia
- Pathmark: Franklin Mills Blvd. in Philadelphia
- Pathmark: Lancaster Avenue in Wilmington, Del.