NEW YORK — Cease & Store mentioned Friday it’s going to shut 32 underperforming grocery shops within the Northeast U.S. by the tip of the yr.
The chain, which is owned by the Dutch grocery store firm Ahold Delhaize, mentioned it’s going to shut 10 shops in New Jersey, eight shops in Massachusetts, seven shops in New York, 5 shops in Connecticut and two shops in Rhode Island.
The corporate mentioned workers at affected shops can be supplied different jobs throughout the firm. Requested by The Related Press how many individuals are employed on the 32 shops, Cease & Store would not say.
Cease & Store President Gordon Reid mentioned in an announcement that the corporate determined to shut the shops to create a “wholesome base for the longer term development of our model.”
Ahold Delhaize mentioned in Might that it deliberate to shut some Cease & Store areas as a part of a plan to strengthen the model. The corporate mentioned it needs to construct new shops and rework remaining ones, improve the variety of store-brand merchandise it affords and cut back costs.
Burt Flickinger, a longtime retail guide and proprietor of Strategic Useful resource Group, mentioned a lot of Cease & Store’s issues had been self-inflicted. The model closed recent meat and seafood counters in some shops, for instance, which minimize down on the quantity clients spent in these shops.
Cease & Store can also be getting squeezed by large rivals like Walmart and Costco, and low cost chains like Aldi and Lidl.
“Wherever a Goal, a Walmart a Costco or a BJ’s has been constructed, a Cease and Store’s in jeopardy,” Flickinger mentioned. “Whereas they’ve a plan going ahead, I am undecided the plan’s going to be totally aggressive given the intensifying degree of competitors.”
Cease & Store, which received its begin in 1914 in Somerville, Massachusetts, operates round 400 grocery shops and has 60,000 workers.
Here’s a listing of the 32 shops that may shut:
New York
New Jersey
Connecticut
Massachusetts
Rhode Island
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