Waldbaum operates about 50 supermarkets in New York City and on Long Island, New York. To serve the city that never sleeps, many Waldbaum stores are open around the clock and most have in-store bakeries; about half have pharmacies. The 100-year-old chain is owned by long-struggling A&P, which is exploring a potential sale after emerging from bankruptcy in 2012 as a privately-owned company. A&P's bankruptcy capped years of struggle following the purchase of its regional rival Pathmark Stores in 2007. As a result of the Pathmark purchase, four Waldbaum supermarkets on Long Island and Staten Island were sold to rivals King Kullen and Stop & Shop to satisfy Federal Trade Commission competition requirements.