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Stop & Shop stores with poor performance will be closed, CT locations await their fate

Stop & Shop, which operates 88 stores in Connecticut, plans to close “poorly performing” locations.

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CONNECTICUT, CT — Stop and Shop officials said in a recent presentation to shareholders that a number of “underperforming” stores would be closed as parent company Ahold Delhaize's focus remains on “significant savings.” But the fate of the 88 Connecticut stores — and stores in the Northeast as well — was not detailed.

The goal of the grocery chain, according to Ahold Delhaize USA CEO JJ Fleeman, is “strengthen its position.” In addition to closing declining stores, part of the strategy is to “invest” in price reductions and store remodeling projects, Fleeman said.

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You can see the complete presentation for “Strategy Day 2024” here.

According to Fleeman's presentation, the “value proposition and pricing” of Stop & Shop stores “simply aren't strong enough.”

Stop & Shop is present in Connecticut:

A four-year strategy, Fleeman said, includes a $1 billion investment, store evaluations and “optimizing the portfolio to focus on core markets where (the brand) can be successful.”

Stop & Shop has remodeled about half of its nearly 400 stores since launching a capital campaign in 2018, according to Fleeman.

He said Stop & Shop has seen “remarkable” performance improvements at the renovated stores, and those stores outperformed locations that were not remodeled.

The chain has built a digital commitment that achieves the highest e-commerce penetration among Ahold Delhaize's five U.S. brands, he said. Ahold Delhaize's U.S. holdings also include Food Lion, Giant and Hannaford.

According to Fleeman's presentation, Stop & Shop “has already evaluated its overall portfolio and will make difficult decisions to close low-revenue stores to build a healthy long-term store base.”

Anna Harden

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