Wednesday, October 5, 2011

A&P reports big loss while ShopRite, Fresh Grocer win awards

A&P (Super Fresh, Pathmark) reported last week that it posted $528 million in sales and lost $34.4 million during the four-week period that ended on August 13. The loss for the previous four-week period was $15.6 million on sales of $558 million.

The company, which was incorporated over 110 years ago, filed for bankruptcy protection last December.

Meanwhile, New Jersey-based Wakefern Food Corp. (ShopRite) recently won an industry award and Philadelphia-based The Fresh Grocer will receive multiple honors in the coming weeks.

In winning the 2011 Supermarket News (SN) Excellence Award, SN reporter Mark Hamstra lauded Wakefern/ShopRite, "whose powerful business model leverages both the spirit of the independent operator and the collective power of a cooperatively owned wholesaler."

Wakefern is the nation's largest retail-owned cooperative. Its 46 member companies own and operate more than 200 supermarkets under the ShopRite banner in CT, DE, MD, NJ, NY and PA.

The Fresh Grocer, which has seven supermarkets in or near Philadelphia, will receive business leadership awards in the coming weeks from JEVS Human Services, the Marriott Foundation's Bridges, and the Welcome Center for New Pennsylvanians. All three organizations work closely with The Fresh Grocer to provide job placement and employment opportunities in underserved communities.

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