The parent company of Superfresh said Wednesday it wants to sell nearly all of its stores in Maryland as part of its plan to emerge from bankruptcy.
The Great Atlantic & Pacific Tea Company Inc. said in a release that it is seeking court approval of bidding procedures to market and sell 25 Superfresh stores, including 22 in Maryland, two in Delaware and one in the District of Columbia. The company said it expected to complete the sales by mid-June.
“As part of our ongoing review of our store footprint, we determined that these 25 Superfresh locations are outside A&P’s core market,” A&P President and CEO Sam Martin said in the release. “While the decision to put these non-core stores up for sale will unfortunately impact some of our customers, partners, communities and associates, this is a necessary step in our efforts to restore the company to long-term financial health.”
The company said its stores on the Eastern Shore would not be put up for sale.