Judges have approved the sale of 95 A&P stores, including the Hoboken location, for $370 million dollars.
No specific word on what all of this actually means to the 104 employees who were facing layoffs on November 26—Thanksgiving Day.
The layoff notification was a said to be a simple formality of the bankruptcy process. The transfer of the Hoboken A&P location to Acme prior to the date given for the layoffs could potentially alleviate the loss of jobs.
Meanwhile, the Hoboken A&P currently remains open and staffed. We’ll be sure to keep an eye on what’s to come.