Keith Loria / Commercial Property Executive – In a Chapter 11 bankruptcy filing, The Great Atlantic & Pacific Tea Co., Inc. (A&P) announced the disposition of 120 of its 296 stores with 25 underperforming stores listed to close immediately. “After careful consideration of all alternatives, we have concluded that a sale process implemented through Chapter 11 […]
Retail Bankruptcy
Value City and Shoe Pavilion Announce Liquidation
As Freddie Mercury used to sing, “Another One Bites the Dust” Actually the last week has brought two more high-profile liquidation announcements: Value City and Shoe Pavilion. Value City will close their remaining 66 stores while Shoe Pavilion will close their remaining 64 units. On the heels of the Linens ‘N Things liquidation and the […]
