The Wall Street Journal has reported that A&P has plans to file for bankruptcy for the second time in the last five years as it seeks creditor protection in the face of increasingly stronger competition.

According to the Journal, with bidders already acquired for 120 of 296 of its stores, A&P will seek buyers for a large portion of its remaining stores as part of the bankruptcy proceedings.

Fortress Investment Group will supply A&P with $100 million in bankruptcy financing to help the company stay afloat, the Journal said.

Read the full Journal report here.