Last week, the judge in A&P’s federal bankruptcy case granted the retailer’s request to reject 73 leases for properties where A&P no longer operates a store. Rent expenses for these closed properties were a major drain on expenses for A&P, the retailer said, even though landlords for many of the properties said A&P had stopped paying rent on them earlier this year and filed separate suits seeking rent payments. [Supermarket News]
ShopRite moves into White Plains on January 5.
The New York Times does a piece on Target's grocery expansion.
In effort to mend relationships, President Obama met with labor leaders last week.
CUNY tuition is getting hiked 5%, instead of rioting and flipping cars, students filed a lawsuit.