Massachusetts-based Stop & Shop will be shutting down ‘underperforming’ stores in the near future as part of a plan to enhance long-term growth. The decision was disclosed during Ahold Delhaize’s ‘Strategy Day,’ outlining a four-year strategy for its brands, with emphasis on store quality, fresh products, and service efficiency.
Massachusetts-based Stop & Shop has announced plans to close “underperforming” stores in the coming years. The company operates nearly 400 stores across five states: Massachusetts, New York, New Jersey, Connecticut, and Rhode Island. The closures were revealed during Ahold Delhaize’s ‘Strategy Day,’ where a four-year strategy was laid out for its brands.
CEO JJ Fleeman stated the decision aims to foster long-term growth for the company, despite its strong market share and growth in online sales and rewards programs. To date, 190 stores have been remodeled, with plans to invest $1 billion in further improvements and price cuts.
While Stop & Shop has yet to specify which stores will close, the company emphasized its commitment to improving store quality, fresh product offerings, and service efficiency. The announcement comes amid widespread retail closures across the U.S., including significant reductions by Dollar Tree, Macy’s, and Rite Aid.
