Closures Part Of Four Year Optimization Plan

Stop & Shop to Close Underperforming Locations

Closures Part of Four-Year Optimization Plan

Affected Locations and Timeline Undisclosed

WEB Stop & Shop has announced plans to close several underperforming stores as part of a four-year optimization plan, but the company has not disclosed which locations will be affected or when the closures will occur.

WEB Stop & Shop operates 395 stores across Massachusetts, Connecticut, Rhode Island, and parts of New York and New Jersey. The company announced the closures last week but did not provide any details on the number or location of the affected stores.

"We are constantly evaluating our store portfolio to ensure we are meeting the needs of our customers and optimizing our business," said Gordon Fleeman, Stop & Shop's SVP of Operations. "These closures are part of a thoughtful and strategic plan to position Stop & Shop for continued success in the future."

The closures come as the supermarket industry faces a challenging environment with increasing competition from online retailers and discount chains. Stop & Shop has been investing in its digital presence in recent years, including launching a new e-commerce platform and offering online ordering and pickup services.

The company has not provided any details on the impact the closures will have on employees at the affected stores.