Cash-strapped Great Atlantic & Pacific (GAP) is said to be sounding out restructuring...

|About: The Great Atlantic &... (GAP)|By:, SA News Editor

Cash-strapped Great Atlantic & Pacific (GAP) is said to be sounding out restructuring advisers on how to address its roughly $1B in debt. The grocery-store holding company has struggled to compete with lower-priced rivals, and has posted losses in 33 of its past 40 quarters.