A&P moves ahead with turnaround strategy as it closes more stores
MONTVALE, N.J. — Grocer A&P has announced plans to shutter 14 stores in four states as it prepares to emerge from bankruptcy.
The company has filed a motion with the U.S. Bankruptcy Court for the Southern District of New York seeking approval to close the stores. The store closures are expected to be completed in the company’s fiscal first quarter, subject to court approval.
"We are continuing to take the steps necessary to position A&P to emerge from Chapter 11 with a strong future and ensure that we remain focused on our top priority providing great value and service to our customers every day. As part of our preparations to emerge from Chapter 11, we have decided to close these 14 underperforming locations," A&P president and CEO Sam Martin said. "While this was a very difficult decision that will unfortunately impact some of our customers, partners, associates and the surrounding communities, these actions are absolutely necessary as we continue to strengthen A&P’s operating foundation and improve our performance."
As part of the store closing process, A&P will work to facilitate future store assignments based on associates¹ collective bargaining agreements. The company also will encourage customers to shop at its other neighborhood stores in close proximity to the closing store locations.
Case-Mate debuts spring 2012 collection at CES
LAS VEGAS — Case-Mate has brought its latest collection of mobile and tablet accessories for spring to the Consumer Electronics Show in Las Vegas.
The new lineup includes such items as the Phantom, a triple-layered, two-piece iPhone 4/4S case, Brazil collection of animal print cases, a chic leather case from the Kayla collection and the Snap cover, which features a rapid-deploy, built-in kickstand.
The entire 2012 spring collection of mobile and tablet accessories range from $30 to $160.
“As smartphones become a commodity, cases become an important means of expressing and differentiating yourself from the pack,” Case-Mate CEO Shashi Reddy said. “From the gym, to the office, to a night out and every occasion in between, this season’s collection offers men and women fashionable and functional options to complement their look.”
Vitasoy-USA appoints VP sales and marketing
AYER, Mass. — Vitasoy-USA announced that it has promoted one of its marketing executives.
Susan Rolnick now will serve as VP sales and marketing, the tofu and Asian pasta maker said. Prior to joining the company in 2009, Rolnick served as director of marketing for ConAgra’s Lightlife division.
"Susan Rolnick is a dynamic sales and marketing leader who has demonstrated success across many facets of our business, including sales, marketing, customer engagement and channel management in both the U.S. and Canada," Vitasoy-USA president and CEO Walter Riglian said. "Rolnick launched products that have become game changers for our industry. She clearly is at the forefront of the creative leadership in our field. In the year ahead, Vitasoy will launch major new products in both the U.S. and Canadian markets. We are fortunate to have her as an integral part of our strategic management team."