Category Archives: Landscape

Business, Landscape

A grocery landscape evolves

Newlyweds Taylor and Anthony Aloi of Nanuet shop at the Fairway Market there. Photo by Peter Carr/lohud.

A&P’s bankruptcy resulted in tectonic shifts in the supermarket industry

The supermarket industry is already being drawn and quartered, and when A&P went defunct earlier this year competitors bickered and bargained over the properties left behind by one of the nation’s oldest supermarket chains.

Fueled in part by the sale, at unheard-of low rents, of some of the nation’s most sought-after A&P stores, the grocery landscape in the Lower Hudson Valley looks different only a few months later.

“The supermarket scene has never been so turned over,” said Martin Deitch, a White Plains-based commercial real estate broker who has been in the business for nearly 40 years. “You have the biggest turnover in retailers that I’ve ever seen.”

The local transformation comes just as the grocery industry nationwide is in the midst of a seismic shift in how people shop, what they buy, who competes for the business and even the definition of a supermarket.

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Business, Landscape

New retailers battle for A&P space

Kerry Coyne of Mount Kisco and her one-year-old-son, Isaac, at the new Stop & Shop in Mount Kisco. The store was formerly an A&P. Photo by Tania Savayan/lohud

A&P’s bankruptcy triggered a feeding frenzy over every coveted square foot, the likes of which supermarkets had not seen since the financial crisis of 2008.

Supermarket competitors and real estate professionals, who last had the opportunity to expand into new locations seven years ago, were more than eager to review lease terms for some of the A&P locations.

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