Stop & Shop will close 'underperforming' stores, the parent company's CEO announced last week.
The parent company of the popular supermarket chain Stop & Shop said it will be closing 'underperforming' stores over the next few years.Ahold Delhaize, the parent company, announced the decision during a 'Strategy Day' last week, where four-year plans for the company's brands were revealed.Stop & Shop has nearly 400 stores in the northeastern U.S. The company has not announced which stores or how many will be closing.
''This will include more efficient organizational structure along with a focus on quality, fresh products, well-stocked shelves, further supply chain efficiency and fantastic service in each of its stores,' Fleeman said.Ahold Delhaize is a Dutch- Belgian multinational retail and wholesale company. It acquired Stop & Shop in 1914. It also owns U.S. supermarket chains Food Lion, Giant and Hannaford and operates several chains in other nations as well.
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