Stop & Shop to Close 32 Stores by Year End

Stop & Shop is set to close 32 underperforming stores across five states by the end of 2024, including locations in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island. The closures, scheduled for November 2, aim to 'create a healthy base for the future growth of our brand,' according to President Gordon Reid. Despite the announced closures, the company will continue to operate over 350 stores and plans to offer affected employees opportunities within the company. The decision comes as Stop & Shop faces increased competition from retailers like Walmart, Costco, and discount chains Aldi and Lidl. Local communities, such as Brockton, MA, express concern over limited grocery alternatives following the closures. The company has committed to continuing online shopping and home delivery services to mitigate the impact on customers.