A&P To Close 25 Stores As Part Of Turnaround

The Great Atlantic & Pacific Tea Company, Inc. said Friday that it will close 25 stores in five states as part of its turnaround strategy.

The operator of the A&P store chain said the affected stores include those that are in close proximity to others, facing real estate and cost issues and underperforming stores.

The closures are expected to be completed in the company's fiscal third quarter.

A&P President and CEO Sam Martin said the closures are "absolutely necessary to strengthen A&P's operating foundation and improve our performance going forward."

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