Tag Archives: Acme

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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Business, Culture

After A&P: You are where you shop

Two-year-old Alexandra Chang holds on to blueberry waffles, her favorite breakfast choice, as her babysitter Taeko Reilly of Chappaqua, shops for bread at DeCicco & Sons in Armonk. Photo by Tania Savayan/lohud

These changes are more than real-estate transactions. They highlight the relationship shoppers have with their supermarkets

Chestnut Ridge’s Cathy Murphy thought she was in her supermarket, but she was wrong.

“I knew something was happening with A&P, but I didn’t even realize when I walked in that it was a different store,” she said. “Then I saw they didn’t have the self-checkout and I was like, ‘What is going on?’”

What was going on was that Murphy’s A&P, just across the New Jersey line in Woodcliff Lake, had become an Acme supermarket last month without her noticing. And Acme doesn’t use self-checkout aisles.

Gone was her A&P’s growing selection of organic food to which Murphy had become accustomed, in aisles she had navigated for nearly a decade. Things weren’t where they used to be.

What is going on across the Lower Hudson Valley is a dizzying and seismic shift in the local supermarket landscape, as dozens of bankrupt A&P stores have changed hands seemingly overnight to become Key Foods or Acmes or, in at least one high-profile case in Yonkers, a grocery-selling CVS.

These changes are more than real-estate transactions. They bring to light the primal and personal relationship shoppers have with their supermarkets.

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