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Gilman's father died in 1859, leaving the son wealthy.
In May 1861, Gilman turned over the tanning business to his brother Winthrop; George moved his tea business to 129 Front Street.
1861: First store opens in New York City.
By 1866, the firm was valued at more than $1 million.
In 1869 the company became The Great Atlantic & Pacific Tea Company, to commemorate the joining of the first transcontinental railroad and to separate its retail stores from its mail-order operations.
In 1869, the transcontinental railroad was completed; Gilman created a parallel company, the Great Atlantic & Pacific Tea Company, to promote the then-new concept of prepackaged tea under the Thea-Nector name.
The company was renamed Great Atlantic & Pacific Tea Company in 1870.
The company established a foothold in the Midwest in the aftermath of the Chicago Fire of 1871, when A&P sent staff and food to help the devastated city, and stayed to open stores in the region.
In 1871, A&P introduced another concept when it offered premiums, such as lithographs, china, and glassware with the purchase of coffee and/or tea at its stores.
By 1871 Hartford was in a position of authority and was responsible for expanding A&P to Chicago after its great fire.
The firm rapidly expanded; in 1875 A&P had stores in 16 cities.
By 1876 the company had become the first significant grocery chain, having reached the 100-store mark.
In 1878, Gilman left the active management of the firm to Hartford.
Evidence provided to the court established that Hartford received half of A&P's profits starting in 1878 and that the company's leases were in his name.
Profits on these products declined; around 1880 A&P started to sell sugar in its stores.
In 1882 Eight O'Clock Breakfast Coffee was introduced; the Eight O'Clock blend remained a hallmark house brand into the early 21st century.
The company continued aggressive growth and by 1884 operated stores as far west as Kansas City and as far south as Atlanta.
In 1900 the company, which had nearly 200 stores, was incorporated.
By 1900, the firm had sales of $5 million from 198 stores as well as its mail order and wagon route operations.
In 1901, George Gilman died without a will, starting a legal battle among his numerous heirs.
Evidence provided to the court established that Hartford received half of A&P's profits starting in 1878 and that the company's leases were in his name. Therefore, in 1902 they agreed to a settlement where A&P was to be incorporated, with $2.1 million in assets.
By 1908, George Hartford Sr. divided management responsibilities among his sons, with George Jr. controlling finance with John directing sales and operations.
While Burger started with A&P in 1910 as a clerk in Glens Falls, New York, he was a staffer who lacked John Hartford's strategic marketing skills.
1912: First cash-and-carry A&P Economy Store opens its doors.
By 1912, the corporation operated 400 stores and averaged a 22% gross margin, resulting in a 2% profit.
A&P quickly expanded the concept; by 1915 the chain operated 1,600 stores.
When George Hartford, Sr., died in 1917, George, Jr., became chairman of A&P, while John Hartford became president.
Hartford Sr. died in 1917; control of the company passed into a trust with his sons George, Edward, and John as trustees in complete control.
By 1925, A&P had 14,000 economy stores, with sales of $440 million, marking one of the greatest retail expansions ever.
After World War I, A&P rapidly expanded; in 1925 it operated 13,961 stores.
In early 1926, the brothers discussed the situation with division management and launched a program to lower prices and improve cost controls.
In 1929 when the stock market crashed, causing other retail companies to fold, merge, or sell out in the subsequent Great Depression, A&P was so firmly established and soundly managed that it was virtually unaffected.
Sales reached the $1 billion mark in 1929, and the following year the chain's store count peaked at 15,709 outlets.
Along the way it grew and grew, often being called “Walmart before Walmart.” By 1930 A&P had 16,000 stores and nearly $3 billion in annual sales.
In 1930, the first supermarket opened in California.
In 1933, A&P's sales dropped 19%, to $820 million, because of the competition.
In 1935, Texas Congressman Wright Patman introduced legislation that would have levied a federal tax on chain stores.
In 1936, the Robinson-Patman Act was passed, marking the beginning of the antitrust woes that shook A&P's hegemony.
In 1936 the first of A&P’s supermarkets was opened; and these, fewer in number, eventually supplanted the former smaller stores.
The public's reception of these publications prompted the company to begin publishing Woman's Day magazine in 1937, at two cents per issue.
To support his thesis, he discussed a 1937 A&P study of the feasibility of opening a plant to manufacture corn flakes.
In late 1941, following Pearl Harbor, the military placed many large businesses off-limits to the anti-trust division because of defense priorities, leaving grocery stores as an option.
22, 1949 Sylva Herald undoubtedly raised alarm among some local shoppers, as the local A&P was undoubtedly a favorite among a fair amount of folks here.
In the ’30s it phased out smaller stores and had 4,000 larger stores open by 1950.
In 1951, John Hartford died in the Chrysler Building after returning from a meeting of the automaker's board of directors.
However, by late 1962, the initial sales gains evaporated and the six outside directors threatened to resign unless Burger retired.
In 1969, at the death of its eccentric and domineering president, Ralph Burger, A&P was the largest food chain in the United States, with more than twice the sales of its nearest competitor, Safeway.
In 1973, as A&P reported $51 million in losses and Safeway took its place as the largest food retailer in the country, Jonathan L. Scott was hired from Albertson's, marking the first time in history that A&P had looked outside its ranks for management.
The first Family Mart opened in Greenville, South Carolina as The Family Mart in 1977.
While initial results were promising, by 1978, A&P profits started to slide due to economic conditions caused by high inflation.
Beginning in 1979, after stock prices fell dramatically, the German supermarket giant Tengelmann bought a controlling percentage of the outstanding shares.
The Tengelmann Group appointed James Wood, the former CEO of the Grand Union Company, as chairman and CEO of A&P, in 1980.
Haub also quietly bought other shares until he owned 50.3% in February 1981.
James Wood realized that another massive store-closing program was necessary to turn around A&P. In October 1981, it announced that it would downsize to under 1,000 stores and close the Chicago division.
Wood's reputation as a turnaround manager underwent a trial by fire, but his radical restructuring of the company was later lauded by analysts as "an outstanding success." By 1982, close to 40 percent of the company's stores had been shut down.
In 1983, A&P bought Wisconsin-based Kohl's Food Stores (which had been part of the Kohl's department store chain) from BATUS, enabling A&P to reenter Wisconsin and Illinois.
In 1984, A&P purchased Pantry Pride's Richmond, Virginia division.
Improved sales allowed the company to begin to undertake new-store construction by 1985: the "new" A&P aimed for an upscale, service-oriented image and catered to one-stop shoppers.
In 1986, A&P purchased Waldbaum's (with stores in southern New York and southern New England) and The Food Emporium, the latter an upscale New York City-based chain.
In 1988, Master Choice, a private-brand label of specialty chocolates, pastas, sauces, and herbal teas was introduced in order to compete with what industry experts considered the real competition: restaurants and fast-food chains.
In 1989 A&P made a bid for Gateway Corporation, the third largest grocery chain in Britain.
Its 1989 acquisition of Farmer Jack in Detroit, and its earlier purchases of Kohl's in Milwaukee and Waldbaum's in New York put it in the top spot in these major markets.
A&P also had trouble with another international venture, its $250 million acquisition of 70 Miracle Food Mart stores in Ontario in 1990.
Waldbaum's in New York was cited in 1991 as the worst of all area grocery chains for numerous problems with rodents and cockroaches.
Gateway would have offered A&P a whole new arena for growth, one that was of considerable interest to Erivan Haub, Tengelmann's owner, who wished to shore up his European retailing empire in preparation for the unification of the common market in 1992.
In 1992, A&P's sales dropped to $1.1 billion; it posted a loss of $189 million.
A&P also remodeled more than 100 stores in 1993 and built 20 new ones.
The company bought 40 stores in the Atlanta area in 1993 in order to fight back competitors who were opening new stores in the area.
The Atlanta stores, however, lost money and only began to show a profit in the fourth quarter of fiscal 1994.
More than this, the company opened 16 new stores in 1994-95, remodeled or expanded 55 more, and closed 87 stores.
The company gained a new president in 1994, Christian Haub, the 29-year-old son of Erivan Haub, the principal owner of A&P's majority owner Tengelmann Group.
According to Haub, A&P planned to open 50 stores a year after 1996.
That, coupled with excellent results from the company's Michigan stores, helped A&P post a 28 percent increase in profits for the fiscal year ending in February 1997.
In December 1998 A&P announced that it would shut 127 smaller, underperforming stores.
1998: Christian Haub is named CEO of A&P; revitalization program is launched.
Restructuring charges of about $120 million led A&P to post a net loss of $67.2 million for the fiscal year ending in February 1999.
The company identified New Orleans as a fourth core area and in 1999 acquired six Schwegmann stores there that were later rebranded under the Sav-A-Center name.
In 2001, Wood also retired as chairman, with Haub assuming that title as well.
The company's stock began declining, reaching an all-time low in October 2002, the same month that Culligan tendered her resignation.
A&P had also developed a successful low-price/limited-assortment format in Canada under the Food Basics banner; the format was already being tested in the United States, and in December 2002 the company announced that it would convert 120 of its 700 stores to the Food Basics format.
Burdened with more than $900 million in long-term debt as of late 2002, the company needed to raise cash and cut costs.
The company announced in early 2003 that it was exploring the sale of its Kohl's chain in Wisconsin.
A&P sold its coffee business (Eight O’Clock brand) in 2003.
In 2003, after declaring its largest loss, A&P closed Kohl's Food Stores and A&P's remaining stores in Vermont and New Hampshire, reducing it to just over 500 stores.
In 2005, A&P sold its 237-store Canadian division (consisting of A&P, Dominion, Ultra Food and Drug stores, as well as the Canadian Food Basics units) to Montreal-based Metro Inc. for C$1.7 billion in cash plus shares of Metro.
Also in 2007, A&P acquired Pathmark, a long-time Northeastern rival, for $1.4 billion.
21 by Supermarket News of the top 75 North American grocery retailers based on 2008 fiscal year estimated sales of US$9.6 billion.
When A&P marked its 150th anniversary in 2009, it was ranked only No.
In June 2010, A&P stopped paying $150 million in rent on the closed Farmer Jack stores.
On December 10, 2010, bankruptcy rumors surfaced; A&P stock tumbled from over $3 per share to below $1 before trading was halted.
In November 2011, the corporation announced that it had entered into an agreement to receive $490 million of debt and equity financing from Yucaipa, Mount Kellett Capital Management, and investment funds managed by Goldman Sachs Asset Management.
The agreement enabled A&P to complete its restructuring and emerge from Chapter 11 as a private entity in early 2012.
In 2013, again a company, A&P was put up for sale but could not find a suitable buyer.
On January 15, 2015, the trade publication Supermarket News reported that A&P was still for sale.
In 2015 the company declared a second bankruptcy with the intention of liquidating all its assets.
All supermarkets were closed by November 25 (Thanksgiving eve). The last remaining portion of A&P, Best Cellars at A&P, had its stores auctioned in summer 2016, with 11 stores sold (none as going concerns) and 6 leases rejected.
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Company Name | Founded Date | Revenue | Employee Size | Job Openings |
---|---|---|---|---|
Whole Foods Market | 1978 | $16.0B | 91,000 | 1,506 |
BJ's Wholesale Club | 1984 | $20.5B | 25,001 | 624 |
Wakefern Food Corporation | 1946 | $17.8B | 80,000 | 6 |
Rite Aid | 1962 | $24.1B | 50,000 | 11 |
Kohl's | 1962 | $16.2B | 110,000 | 1,020 |
Bon-Ton | 1898 | $2.7B | 23,300 | 5 |
Winn-Dixie | 1925 | $5.1B | 41,000 | - |
H-E-B | 1905 | $21.0B | 100,000 | 702 |
Stop & Shop | 1914 | $15.2B | 82,001 | 1 |
Ingles Markets | 1963 | $5.0B | 26,000 | 196 |
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The Great Atlantic & Pacific Tea Company may also be known as or be related to GREAT ATLANTIC & PACIFIC TEA CO INC, Gilman & Company (1859–1869), The Great Atlantic & Pacific Tea Co., Inc., The Great Atlantic & Pacific Tea Company, The Great Atlantic & Pacific Tea Company (A&P), The Great Atlantic & Pacific Tea Company (a&p) and The Great Atlantic & Pacific Tea Company, Inc.