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Ahold Delhaize to Close Undisclosed Number of Stop & Shop Stores; JJ Fleeman Comments

Ahold Delhaize to Close Undisclosed Number of Stop & Shop Stores; JJ Fleeman Comments


UNITED STATES
Wednesday, May 29th, 2024

A change in strategy was recently announced by Ahold Delhaize. The retailer plans to streamline its retail operations by closing a number of United States Stop & Shop stores this year.

JJ Fleeman, Chief Executive Officer, Ahold Delhaize USA"Stop & Shop has already evaluated its overall portfolio and will make difficult decisions to close underperforming stores to create a healthy store base for the long term," JJ Fleeman, Ahold Delhaize USA's Chief Executive Officer, said during a recent call with analysts.

The retailer will announce the total number of stores to be affected later in the year, Reuters reported.

Ahold Delhaize announced plans to close a number of its U.S. Stop & Shop stores this yearLocated in the northeast U.S., Stop & Shop is among Ahold Delhaize’s five Stateside brands, operating nearly 400 locations. As the source noted, Ahold Delhaize earns more than half of its revenues in the U.S.

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Ahold Delhaize
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