Atlantic and Pacific Tea
Operates supermarkets in six states.
2 Paragon Drive
Montvale, NJ 07645
CEO: Sam Martin
The Great Atlantic & Pacific Tea
Company Inc. (A&P) operates 320 stores in six states which include conventional supermarkets, food and drug combination stores, and discount food stores.
The company operates under the following store names: A&P, Best Cellars, Waldbaum's, The Food Emporium, Super Fresh, Pathmark and Food Basics.
Stores are located in 6 U.S. states: Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland.
The company distributes private label product lines sold exclusively throughout its stores under the trade names - America's Choice, Food Emporium, Live Better, Green Way and Via Roma.
The company filed for Chapter 11 bankruptcy in 2010 but reemerged from bankruptcy in February 2012 as a private company. It has closed over 120 stores since the bankruptcy filing.
Mount Kellett Capital Management LP, The Yucaipa Companies LLC and investment funds managed by Goldman Sachs Asset Management, L.P., have provided $490 million in debt and equity financing to sponsor A&P's reorganization plan and complete its balance sheet restructuring. In addition, JP Morgan and Credit Suisse have arranged a $645 million exit financing facility.
"In just over one year, we have completed a thorough restructuring of A&P's cost structure and balance sheet to build a strong foundation for the Company's future," said Sam Martin, A&P's President and Chief Executive Officer. "With the full support of our financial partners, the new A&P is committed to delivering exceptional value and an enhanced in-store experience to all of our customers across our more than 300 neighborhood food and drug stores."
The company was originally founded in 1859
by George Huntington Hartford and George Gilman who opened a
store called Great American Tea Company on Vesey Street in New
York City. They began selling tea, coffee and spices at value
prices. Soon stores sprung up all around the metropolitan area
and salesmen took their wares to the road in horse-drawn carriages
bound for New England, the mid-west and the south.
In 1870 the Company was renamed the Great
Atlantic & Pacific Tea Company, in honor of the first transcontinental
railroad and hopes of expanding across the continent.
In 1880, A&P introduced the first private
label product - baking powder. As the Company grew, private manufacturing
became an important aspect of its business and by the 1920s,
A&P had opened its own factory, packing plant and bakery
with private brands such as Sunnyfield (bacon, butter, flour
and cereals) and Sultana (canned goods, peanut butter and jams).
A&P attributes much of its early customer
recognition to its advertising and promotional activities. It
launched the original customer-loyalty program in the early 1900s
with premiums and savings coupons.
One of the Company's most popular programs
was plaid stamps. Introduced in the 1920s, and revitalized during
the 1960s, the plaid stamps premium program encouraged customers
to make frequent visits to the stores to purchase products and
The Company also continued to focus on
upgrading and redefining its store base. In 1927, John Hartford
initiated the first "no frills" grocery format in America
with the opening of the A&P Economy Store in Jersey City,
This cash and carry store, with plain furnishings
and fixtures, offered no credit, no deliveries and no premiums
- just quality groceries at very low prices.
In the 1930s A&P was America's #1 grocery
store operating close to 16,000 stores with sales of more than
$1 billion. The Company's vast advertising and promotional activities
reached so many consumers that A&P became part of American
During that era, the Company developed
Woman's Day magazine through a wholly owned subsidiary,
The Stores Publishing Company. It also sponsored its own Radio
Hour featuring popular artists such as Kate Smith, and Harry
Horlick and the A&P Gypsies. And, it participated in the
1933 World's Fair in Chicago with a 2,000 seat amphitheater and
The popularity of A&P continued to soar through the 1960s,
when the Company was renowned as the industry leader with $5.4
billion in sales, over $1 billion more than the nearest chain
But times were changing and populations
were shifting. In 1979, after more than a decade of decline,
the Hartford family members and the John A. Hartford Foundation
sold the majority of A&P shares to the Tengelmann Group of
Benefits vary by location and position.
Health Care Benefits - Medical
Comprehensive medical coverage
for you and your family, including preventative care, vision
care and prescription drug coverage, from the following medical
- CIGNA Choice Plan (CDHP)
- Health Maintenance Organizations (HMO)- where available
Health Care Benefits - Dental
Coverage for preventative and diagnostic care, orthodontia
and other treatments from the following options:
- CIGNA Standard Dental Plan (PPO)
- CIGNA Dental HMO (HMO)
Holiday Savings Club Plan
Our Holiday Savings Club Plan makes
it easy for you to save money each week so that at the end of
the year you're ready to celebrate. All employees are eligible
to join and are paid interest on their deposits. After filling
out the necessary paperwork, club deposits are automatically
deducted from your paycheck starting the end of October for 50
weeks of each calendar year. Checks are issued so that you receive
your savings by November 15th, just in time for the holiday season.
Vacation Savings Club Plan
The Vacation Savings Club Plan makes it easy to save money
each week so that by the end of Spring you're ready for that
time off. All employees are eligible to join and your deductions
earn interest. After filling out the necessary paperwork, club
deposits are automatically deducted from your paycheck starting
the end of May and continuing for 50 weeks of each calendar year.
Checks are issued so that you receive your savings by June 15th,
just in time for the vacation season.
US Savings Bond Deductions
All employees are eligible to purchase
US Savings Bonds Series EE through automatic payroll deduction.
You pay 50% of the face value of bonds, which mature over a defined
period. Bond certificates are automatically mailed to your home.
Other Benefits: Credit Unions &
Some areas of the company have
partnered with local credit unions and banks to offer benefits
to our associates.
As an associate, you may be eligible to
join a local credit union in your area. Credit unions provide
a wide variety of financialservices to our associates including
check cashing, credit cards, loans etc. In addition, local banks
may offer discounted banking fees, check cashing, or other financial
services at a special rate. See your manager to see if these
options are available in your area.
- Group Universal Life (GUL) insurance
- Group Homeowners Insurance
- Group Auto Insurance
- Accidental Death and Dismemberment (AD&D)
- Group Legal
- Long Term Care
- Employee Stock Purchase Plan
Updated May 6, 2012