Great Atlantic & Pacific Tea Company, Inc. (A & P)
Great Atlantic & Pacific Tea Company, Inc. (A & P)
- Only one piece available...
- Inventory on the way
July 8, 1976
American Bank Note Company
12" (w) by 8" (h)
The Great American Tea Company was founded in 1859 as a mail order business by tea and spice merchants George Huntington Hartford and George Gilman. The first store was opened in 1861 in New York City at the corner of Manhattan's Broadway and Grand Street selling various teas and coffees.
In 1870, the company is renamed The Great Atlantic and Pacific Tea Company, in honor of the transcontinental railroad. By 1876, with 100 stores, A&P becomes the nation's first major grocery chain.
In 1912, the first Economy Store (a new grocery store concept with a limited product assortment) is opened in Jersey City, New Jersey. In 1924, the A&P Radio Hour becomes America's first national radio program.
By 1930, A&P dominates the supermarket business and introduces private label products at substantial savings to customers.
A&P's decline began in the early 1950s, when it failed to keep pace with competitors that opened larger supermarkets with more modern features demanded by customers. By the 1970s, A&P stores were outdated, and its efforts to combat high operating costs resulted in poor customer service.
In 1975, it hired outside management, closed older stores, and built modern ones. When these efforts failed to turn A&P around, the heirs of the Hartford family and the Hartford foundation, which owned a majority of the stock, sold to the Tengelmann Group of Germany.
In 1981, A&P launched its second store-closing program financed by the surplus assets of its employee pension plan, reducing the corporation to fewer than 1,000 stores. The plan also closed manufacturing operations except coffee production.
Starting in 1982, A&P acquired several chains that continued to be operated under their own names, rather than being converted to A&P. While A&P regained profitability in the 1980s, in 2002 it operated at a record loss because of new competition, especially from Walmart. A&P closed more stores, which included the sale of its large Canadian division. A&P also spun off Eight O'Clock Coffee, the last of its manufacturing units.
In 2007, A&P purchased Pathmark, one of its biggest rivals, and A&P again became the largest supermarket operator in the New York City area. At the same time, Tengelmann reduced its shares to 38.5%, while the private equity firm Yucaipa, as major shareholder of Pathmark, acquired 27.5% of A&P's shares.
Highly leveraged after the Pathmark acquisition, A&P experienced financial difficulties because of the recession and filed for Chapter 11 protection in 2010, in the United States Bankruptcy Court in White Plains, New York. By the time of its filing, A&P had declined from the nation's largest grocery retailer to the 28th, with operations limited to the Northeast.
In 2012, A&P emerged from bankruptcy by becoming a private company, as Tengelmann ended its holding, and briefly returned to modest profitability in 2013 and 2014.
A&P had been for sale in 2013 but could not find a suitable buyer. After declaring a loss in April 2015, it filed for its second Chapter 11 bankruptcy on July 19 of that year. All of its supermarkets were sold or closed by November 25, 2015, and the closure of the Best Cellars Wines and Spirits stores followed shortly thereafter, with those stores auctioned in August 2016.
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
Are the certificates offered on your site genuine or reproductions?All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.
Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I will receive?
It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.
How will you ship my order and how much do you charge?
We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.
Can I return my purchase?
Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.