Connect with us

Shopping

Stop & Shop plans to close ‘underperforming’ stores. What we know so far.

Published

5 months ago

on

Stop & Shop plans to close ‘underperforming’ stores. What we know so far.

Is your Stop & Shop closing?

Its corporate parent, the Dutch-based Ahold Delhaize, said at its investor meeting last week that it will close underperforming stores, without saying how many or which ones.

“Stop & Stop has done a thorough evaluation and is focused on assuring a stable and thriving future,” the Dutch company’s chief executive for the United States, JJ Fleeman, said during an online presentation dated May 23. That includes “optimizing the portfolio to focus on core markets where it can win.”

Fleeman said that, since 2018, Stop & Shop remodeled 190 stores, with the remodeled stores outperforming stores that were not updated.

“It’s not enough, and it’s not where we want to be or need to be,” saying that some stores must close. “Stop & Shop will focus on the markets that are most important.” To determine that, he said the company would take into account brand density, the position each store holds in the market and how well it performs.

Stop & Shop stores that don’t close will see improvements

Stores that stay open will see a strong investment in value proposition and pricing, he said.

Ahold Delhaize operates more than 7,700 food stores in the Eastern United States, plus several European countries, including Greece, Serbia, Romania, the Czech Republic, Belgium and the Netherlands, employing more than 400,000 people. Besides Stop & Shop, its US brands include Food Lion, the Giant Company, Giant Food and Hannaford.

Where are the Stop & Stop stores in RI?

Stop & Shop has 395 stores in Massachusetts, Connecticut, Rhode Island and parts of New York and New Jersey. That includes 26 locations in Rhode Island (27, if you count the one just over the Massachusetts line at 125 Highland Ave., Seekonk):

Certainly! Here’s the alphabetized list of addresses by city without the numbers:

Bristol

Coventry

Cranston

  • 200 Atwood Ave.
  • 275 Warwick Ave.
  • 204 Garfield Ave.

Cumberland

East Providence

Greenville

Johnston

Lincoln

  • 622 George Washington Highway

Middletown

Narragansett

Newport

  • 199 Connell Highway
  • 250 Bellevue Ave.

North Kingstown

  • 1300 Ten Rod Rd.
  • 90 Frenchtown Rd.

North Providence

North Smithfield

Pawtucket

Providence

  • 333 West River St.,
  • 850 Manton Ave.

Richmond

Warwick

  • 300 Quaker Lane
  • 575 Greenwich Ave.
  • 2470 Warwick Ave.

Westerly

The company also operates Eastside Marketplace at 165 Pitman Street in Providence

Related Topics:
Continue Reading