A&P has got plans to restructure its complete store network

Under the new structure, Pathmark will be positioned as A&P's best value format, growing from its current total of 140 stores to around half of today’s 450-strong group network. The restructuring process is expected to correspond to an investment of USD20

 Further upmarket, around 130 stores
will trade under the A&P banner, which will show a stronger focus
on fresh foods. The discount niche will be occupied by Food Basics.

Meanwhile, Tengelmann is in the process
of buying back A&P shares in an attempt to re-gain a majority
stake in the retailer, up from its current 45% stake, making use of
the currently low share price level. Tengelmann used to hold a 55%
stake in A&P before selling off some shares to finance its
acquisition of Pathmark.