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Shaw's to Close Six Northeastern Stores

Shaw's to Close Six Northeastern Stores

TAUTON, MA- Shaw’s has confirmed it will close six stores in Massachusetts and Rhode Island by Aug. 3.
“While the decision to close a store is always difficult — given the impact on associates and customers — it was made only after careful evaluation and was guided by what is best for the company’s ongoing success and future growth,” Shaw’s spokesman Steve Sylven said in an email Monday night, as reported by the Milford Daily News.
In January, parent company Supervalu sold the chain to an investor group, Cerberus Capital Management, which assumed more than $3 billion of the company’s debt.
Shaw’s began laying off 700 employees across its 169 New England stores in November 2012. Sylven said in the email that the six stores slated to close were not meeting company goals.
“The stores identified have not been profitable for quite some time, and despite the best efforts of the company and our associates, we have not been able to reposition them to better compete in the marketplace and don’t anticipate being able to change this trend,” he said.
Stay tuned to AndNowUKnow for updates on the situation.