Stop & Shop to Close 32 Underperforming Stores Across New England

Money | July 14, 2024, 3:13 a.m.

Stop & Shop, owned by Ahold Delhaize USA, is closing 32 underperforming grocery stores in five New England states by the end of the year. President Gordon Reid expressed the company's commitment to nourishing communities despite the closures. The chain plans to operate 350 stores in the region and is offering affected employees other opportunities within the company. A list of closing stores was provided, with closures set to occur by Nov. 2 on a rolling basis. Stop & Shop's focus remains on future growth and customer experience, with investments in lowering prices and store remodels. The chain has completed over 190 store remodels since 2018, leading to improved performance. While the news of store closures is difficult, Stop & Shop aims to retain employees and enhance the brand for future success.