The Associated Press September 8, 2010, 4:41PM ET

A&P sells 7 Connecticut stores to Big Y Foods

The Great Atlantic & Pacific Tea Co. said Wednesday it's selling seven stores in Connecticut to Big Y Foods Inc. for an undisclosed amount.

The sale is part of the company's turnaround strategy announced in July.

The deal is expected to close at the end of October.

A&P is one of the nation's first supermarket chains and currently operates 429 stores in eight states and the District of Columbia under the names A&P, Waldbaum's, Pathmark, Pathmark Sav-a-Center, Best Cellars, The Food Emporium, Super Foodmart, Super Fresh and Food Basics.

Shares of Great Atlantic & Pacific Tea Co. fell 7 cents, or 2.1 percent, to close at $3.22.


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