Waldbaum's

Following the death of his father, Ira Waldbaum left his studies at New York University to run the family business. By 1951, the company had opened its first supermarket in Flushing, Queens and net sales reached $55.2 million by 1960. In 1961, the company went public by selling shares of common stock.[6]

A&P mismanaged Waldbaum's, investing little in these stores, resulting in the closing or sale of many Foodmart stores in the New England division. A&P then converted the remaining Waldbaum's Foodmart store into the Super Foodmart banner, and later, to A&P Super Foodmart (A&P's other New England division). The remaining forty-one Waldbaum's stores existed only in Brooklyn, Queens, Staten Island, and on Long Island. Many Waldbaum's are former A&P stores.

On August 13, 2010, A&P announced that it would close twenty-five stores as the parent of Waldbaum's began the implementation and execution phase of its comprehensive turnaround; these stores closed in October 2010, including stores in Centereach and Levittown, Long Island.

In February 2011, A&P announced thirty-two additional store closings, including three Long Island Waldbaum's: Farmingdale, Smithtown, and Valley Stream on April 15, 2011. In January 2012, A&P announced half a dozen additional closings on Long Island. The grocery chain said that six stores would close in Commack, West Babylon, East Islip, Lake Ronkonkoma, Huntington Station and Rockville Centre. The closures happened in March 2012, as Waldbaum's parent company, A&P, Inc. emerged from Chapter 11 bankruptcy protection.

On July 20, 2015, A&P filed for a pre-packaged Chapter 11 bankruptcy, following years of financial loss and a struggle to compete with rival grocery chains. The company announced that 3 Waldbaum's stores in Carle Place, Riverhead, and Oceanside were set to close. Nineteen stores were sold to Stop & Shop and Key Food.[7] Five store locations were purchased by Best Yet Market in November 2015, [8] and three locations to Wakefern Food Corporation, owner of the ShopRite Food chain.[9]

At approximately 8:15 a.m. on August 2, 1978, a fire was reported at the store in Sheepshead Bay, Brooklyn. Workers who were in the store during renovations reported a fire near the compressor room. After several more calls, including a nearby pulled street box, several fire companies had been dispatched to the scene. As a result of the renovations, the fire was able to quickly spread to the mezzanine and cockloft areas. Per department policies at the time, firefighters were ordered to the roof to begin venting the building. After a determination made by the battalion chief on scene that day, a second alarm was ordered and the fire was declared as out of control. At 9:02 a.m., as firefighters were on the roof with fire showing in sections, a large portion suddenly collapsed, sending twelve firefighters into the fully involved building. In the end, six firefighters had died in the fire and over 30 injured.[10][11]

Investigators initially determined that the fire was deliberately set and arrested a 21-year old neighborhood man named Eric Jackson-Knight, who was charged with arson and six counts of murder for the loss of the firefighters. Jackson-Knight was convicted based on testimony from a Rikers Island inmate at the facility during the time Jackson-Knight was being held there; he also confessed to setting the fire with accomplices, but the methods he claimed to use were inconsistent with the characteristics of the fire and that he actually was describing another fire he had set earlier. Nonetheless, the jury voted to convict him and he was sentenced to twenty-five years to life in state prison; the verdict was affirmed on appeal in 1985 after Jackson-Knight motioned for a dismissal. However, as a civil suit filed by the families of the fallen firefighters was about to be drawn up in 1986 evidence emerged that upon further review the fire was caused by an electrical failure and that the prosecution withheld information from the defense team. In 1988, a new trial was ordered and in 1994 the jury returned an acquittal.[12]

Bankruptcy

A&P, the parent company of Waldbaum's, declared Chapter 11 bankruptcy in July 2015.[13] All Waldbaum's stores were sold or closed by November 2015.[14][15]