Business
Stop & Shop Announces Closure of Several Underperforming Stores in the Northeast
Stop & Shop, a supermarket chain owned by Ahold Delhaize, has made a strategic decision to close 32 underperforming stores across the Northeast region by the end of this year.
The locations affected include ten stores in New Jersey, eight in Massachusetts, seven in New York, five in Connecticut, and two in Rhode Island. Stop & Shop President, Gordon Reid, mentioned that the closures are part of a plan to strengthen the brand and pave the way for future growth.
Leading retail consultant, Burt Flickinger, highlighted the challenges faced by Stop & Shop, including competition from retail giants like Walmart and Costco, as well as discount chains such as Aldi and Lidl. Flickinger expressed concerns about the competitiveness of Stop & Shop’s future plans.
Stop & Shop, established in 1914 in Somerville, Massachusetts, currently operates approximately 400 grocery stores and employs around 60,000 people. The brand aims to focus on building new stores, revamping existing ones, expanding its store-brand offerings, and reducing prices to enhance its market position.
The list of stores slated for closure includes various locations in Brooklyn, Greenvale, West Haverstraw, Coram, Mt. Vernon, Hempstead, East Meadow, Edison, Howell, Phillipsburg, Piscataway, Carlstadt, Franklin Township, Ringwood, Point Pleasant Beach, Jackson, Ansonia, and Torrington.
Furthermore, closures will also impact stores in Stamford, Milford, Danbury, Brockton, Raynham, Halifax, Shrewsbury, Newton, Springfield, Worcester, and Pembroke, among others, signaling a significant shift in Stop & Shop’s operational strategy.