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11/13/2009 Food Basics Debuts in Connecticut
Unbeatable Savings "Every Aisle, Every Day" Await Shoppers at the New Bridgeport Food Basics
MONTVALE, N.J. - November 13, 2009 … The Great Atlantic & Pacific Tea Company, Inc. (A&P) (NYSE:GAP) today debuted the first ever Food Basics store in Conn., located at 1700 Park Ave. in Bridgeport, bringing customers quality products at unbeatable prices. The savings never stop at the Bridgeport Food Basics with aisle after aisle of all the products you need at prices you can't believe. Food Basics boasts the lowest prices of the week - guaranteed. We won't be beat on all of the items featured on our circular's front page - see for yourself.
The new Bridgeport Food Basics store will allow shoppers to maximize their shopping budget by getting high quality products at low, affordable prices. Shoppers will also enjoy great values on fresh foods such as meats and baked goods. Customers can also find their national brand favorites as well as an extensive variety of private label brands, including America's Choice and Smart Price - all at phenomenal prices.
Compare Food Basics prices with our competitors and you will be amazed at the savings. In fact, shoppers can save up to 27 percent over other supermarkets everyday with the unmatched prices that Food Basics has to offer! Food Basics also offers triple difference price guarantee on these 10 most-needed items:
- Fresh Bananas (1 lb.)
- Milk (store brand, one gallon)
- White Bread (store brand, 1 lb. 6 oz.)
- Eggs (store brand, dozen large)
- Butter (store brand, 1 lb. quarters)
- Lettuce (iceberg)
- Sugar (store brand, 5 lbs.)
- Tomatoes (1 lb.)
- Potatoes (russet, 5 lbs.)
- Huggies Diapers (jumbo pack)
The new Food Basics features a bright, open layout with modern décor, including colorful artwork and signage to further enhance the overall experience for shoppers. In honor of the grand opening, the store will be hosting a three-day celebration, complete with product sampling, giveaways and special sales, starting today.
About Food Basics:
Food Basics is part of The Great Atlantic & Pacific Tea Company's family of supermarkets. The Company operates 435 stores in 8 states and the District of Columbia under the following trade names: A&P, Waldbaum's, Pathmark, Best Cellars, The Food Emporium, Super Foodmart, Super Fresh and Food Basics. ### Investor Contact: Krystyna Lack Vice President, Treasury Services (201) 571-4320 Press contact: Lauren La Bruno Senior Director, Public Relations (201) 571-4453
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Founded:
1859 by George Huntington Hartford and George Gilman
Headquarters:
Montvale, NJ
Stock Symbol:
NYSE: "GAP"
Number of Stores:
429
Retail Banners:
A&P, Waldbaum's, The Food Emporium, Super Fresh, Pathmark and Food Basics
Annual Sales Volume:
$8.8 billion of Total Sales for fiscal year 2009 ended February 27, 2010
Scope of Operations:
8 U.S. states (Connecticut, Massachusetts, New York, New Jersey, Pennsylvania, Delaware, Maryland),Virginia, and the District of Columbia
Own Brands:
America's Choice, America's Choice Healthy Kids, Hartford Reserve, Live Better Wellness, America's Choice Gold, Smart Price, Greenway, Via Roma
Number of Employees:
Approximately 48,000
President & CEO:
Sam Martin
Executive Chairman:
Christian W.E. Haub
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