Ahold Delhaize's Stop & Shop to Close 32 Underperforming Stores
Provided by
Dow Jones
By Colin Kellaher
Stop & Shop, the northeast U.S. supermarket chain owned by Dutch grocer Royal Ahold Delhaize, on Friday said it plans to close 32 underperforming stores.
Stop & Shop said it would still have more than 350 stores across its five-state footprint, adding that it will offer jobs to all workers affected by the closings.
Stop & Shop said the stores, which include five in Connecticut, eight in Massachusetts, 10 in New Jersey, seven in New York and two in Rhode Island, will close by Nov. 2.
In addition to Stop & Shop, Ahold Delhaize owns the Food Lion, Giant and Hannaford U.S. grocery chains.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 12, 2024 11:05 ET (15:05 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth
-
How to Measure a Company’s Competitive Advantage
-
How to Think Like a Stock Analyst
-
How GLP-1 Drugs Like Ozempic Are Boosting Biopharma Stocks
United States