New York CNN —Stop & Shop is closing 32 underperforming grocery stores across the US northeast as part of the company’s efforts to improve its financial performance.
Shoppers are also being squeezed by higher prices at the grocery store, with food prices experiencing modest upticks last month, according to the newest inflation report.
Ahold Delhaize, the chain’s Dutch parent company, revealed the locations Friday adding that they will close in early November.
Stop & Shop said it “remains committed to serving its communities through other store locations, online shopping and home delivery services.” Employees impacted by the closures will be offered other opportunities in the company.
In addition to operating Stop & Shop, Ahold Delhaize owns Food Lion and Giant grocery stores in the US.
Persons:
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Organizations:
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Locations:
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