A&P made one mistake that undermined its business

The famous grocer A&P filed for Chapter 11 bankruptcy for the second time in five years on Monday.

Its parent company, The Great Atlantic & Pacific Tea Company Inc., plans to sell and close all stores to save jobs and pay back debt. 

"A&P has lined up bidders for 120 of its 296 stores with total expected proceeds of about $600 million," according to The Wall Street Journal. 

At one point, A&P was one of the top grocery stores in the US.

Industry analysts believe the grocer's...

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