Cease & Store to shut quite a few ‘underperforming’ shops within the Northeast

Cease & Store is planning to shutter an unspecified variety of its grocery shops throughout the Northeast that the corporate mentioned are “underperforming.”

“Cease & Store will make some tough choices to shut choose underperforming retailer places to assist make sure the long-term well being and future development for our enterprise,” a spokesperson for the grocery store chain mentioned in an announcement.

The Massachusetts-based firm presently operates practically 400 shops in 5 states — the Bay State together with New York, New Jersey, Connecticut and Rhode Island.

It has “reworked” and made enhancements to just about half its shops.

“We’ve accomplished greater than 190 remodels to this point, which proceed to carry out effectively, and we’re dedicated to persevering with to put money into our shops – as effectively in our costs – to ship an important in-store expertise and nice values for our clients,” the corporate assertion mentioned.

The spokesperson mentioned it’s too early within the course of to share data on any particular retailer closures and didn’t present an anticipated variety of places that can shut their doorways completely.

The corporate didn’t present a timeline as to when the closures are anticipated.

The information was first introduced by the CEO of Cease & Store’s mum or dad firm, Ahold Delhaize, at an investor technique day held in The Netherlands final week, in accordance with the Boston information station WCVB.

“As Cease & Store embarks on its subsequent part, we will probably be decisive and take deliberate and acceptable actions to make sure a secure future for the model,” US CEO JJ Fleeman mentioned in his remarks to buyers.

“Cease and Store has already evaluated its total portfolio and can make tough choices to shut underperforming shops to create a wholesome retailer base for the long run and develop the model,” he mentioned, in accordance with the ABC Information affiliate station.

The CEO added that the corporate plans to “concentrate on the markets which can be most vital, together with these the place the model has robust density, holds a robust market place, or has shops which can be performing effectively.”

Ahold Delhaize additionally operates the US grocery store chains Meals Lion, Hannaford, Large Meals and The Large Firm.