Pathmark supermarket to open in Brooklyn... really

Grocery retail cooperative Allegiance Retail Services announced that it plans to open a 49,000 square foot Pathmark supermarket - at the site of a former Pathmark store in Brooklyn, NY - later this month or next. The New Jersey-based cooperative purchased the intellectual property of the Pathmark name and associated marks last year.

Pathmark was a mainstay in the metro New York market for decades until parent company A&P filed for bankruptcy in 2015.

The new store's owner is PSK Supermarkets, which operates about a dozen stores in the New York market, mostly under the Foodtown banner.

A&P sells off intellectual property

The Great Atlantic & Pacific Tea Co., which entered bankruptcy nearly three years ago before closing all of its stores, sold "substantially all of its intellectual property assets," which consist of its store banners and private labels. Hilco Streambank, a company retained by A&P in 2015, announced that it brokered the sale of 23 A&P brand names, including the following:

Supermarket Banners: Pathmark, Super Fresh, A&P, Food Emporium, Waldbaum's, Food Basics, among others

Private Labels: America's Choice, Greenway, Woodson & James, Hartford Reserve, Great Atlantic Seafood Market, among others

According to a Hilco spokesperson, the sale resulted "in a seven-figure overall recovery."

Some of the transactions were disclosed publicly, and they included the $1.75 million sale of Food Emporium IP assets to the Key Food Cooperative, and the $1 million sale of Pathmark IP assets to a unit of Foodtown operator PSK Supermarkets.

A&P, founded in New York City in 1859, was the world's largest retailer by 1930 with nearly $3 billion in annual sales and 16,000 stores.

Foodtown announces creation of new co-op

On Friday, Foodtown President and COO Bill Donahoe announced the formation of Allegiance Retail Services, LLC, a company that will function like a co-op by providing retail services to Foodtown operators. Independent retailers operating under non-Foodtown banners will also be able to benefit from the co-op.

According to Foodtown, Allegiance will provide members with advantages such as collective buying power, advertising and marketing services, IT / POS support, more than 1,100 Foodtown brand products, and loyalty, gift card and payment processing services.

Foodtown, which closed its Lansdale, PA store earlier this year and recently announced the sale of five New Jersey stores to Stop & Shop, lists 41 open locations in PA, NJ and NY on its website.

C&S Wholesale keeps growing despite A&P losses

An executive for C&S Wholesale Grocers said yesterday the company is growing through the addition of customers like Ahold (Giant, Stop & Shop), Foodtown and Target. This growth comes despite the fact that bankrupt A&P had accounted for as much as 20% of the company's revenues.

At a conference yesterday, C&S Senior Vice President and Treasurer Tim Ludlow said they have recently added $1 billion in new business with Ahold and may double its current volume with Target this year. They have also added the Foodtown cooperative as a wholesale customer.

Source: Supermarket News

Stop & Shop to buy 5 Foodtown stores in New Jersey

Stop & Shop and Foodtown said they have a tentative deal that will result in the sale of five New Jersey Foodtown stores, currently owned by Norkus Enterprises, to Stop & Shop later this spring. Stop & Shop is a division of Ahold, which also owns Giant. The Foodtown stores are in Freehold Township, Manalapan, Neptune City, Point Pleasant Beach and Long Branch.

From Supermarket News: Stop & Shop to Buy 5 N.J. Foodtowns | Norkus Enterprises