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An old grocery pioneer goes under, a new one emerges

from Seeking Alpha

On Sunday Dec. 12, one of the icons of the grocery business, The Great Atlantic & Pacific Tea Company, better known as A&P officially went down after filing for Chapter 11 bankruptcy protection. One of the pioneers of the supermarket industry, A&P used to be the market leader, and in the 1950's it generated greater than 20 percent more sales than the nearest competitor. Over the past couple of years, particularly with the onset of recession in 2008, the supermarket industry has taken a tough turn, however. Discount grocers have been in the middle of a heated price war, which along with volatile food prices, has constricted gross margins industry wide. more

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