Wayne, N.J. The Great Atlantic & Pacific Tea Co. announced that it has entered into an agreement with Big Y Foods, to sell seven store locations in northern Connecticut.
The sale of the stores is part of a comprehensive turnaround strategy initially announced by the company in late July. The stores are expected to close at the end of October.
“We continue to evaluate our operating footprint and its alignment with our turnaround strategy. These seven stores were clearly outside of our core markets and their sale was necessary,” stated Sam Martin, president & CEO, A&P.