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A&P files for Ch. 11 bankruptcy
Montvale, N.J. - The Great Atlantic & Pacific Tea Co. on Sunday filed for Chapter 11 bankruptcy protection as it struggles with enormous debt and increased competition from low-priced peers.
The 151-year-old company operates 395 stores around the Northeast under several banners, including A&P, Waldbaum's, The Food Emporium, Super Fresh, Pathmark and Food Basics.
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Report: Fast Retailing plans major U.S. push
New York - Fast Retailing, Asia’s biggest clothing chain and the parent of Uniqlo, is lookjing to open at least 200 Uniqlo stores in the United States by 2020 as it seeks to raise sales sixfold in a decade, according to a Bloomberg report.
"The United States is one of the most important markets for us,” Shin Odake, CEO of Uniqlo’s U.S. unit, said in an interview with Bloomberg Television.