Ahold Delaize announced last week that it will close an unspecified number of Stop & Shop stores. Company CEO JJ Fleeman said an evaluation of Stop & Shop’s overall portfolio had been completed and underperforming stores will be shut down.
There are nearly 400 Stop & Shop locations operating today in the U.S.
Ahold Delaize also operates Giant Food, The Giant Company, Food Lion, and Hannaford in the U.S. The company projects a savings of almost $5.5 billion over the next four years by using more cutting-edge technology.
In addition, Ahold Delaize has a goal of capitalizing more on its private label brand to the point where it accounts for 45% of total sales by 2028.
