2024-07-13 11:55:02
Grocery store chain Stop & Shop said it would be closing 32 “underperforming” stores, including locations in Carlstadt, Ringwood and 8 other New Jersey sites by the end of this year.
“Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” Stop & Shop President Gordon Reid said Friday in a statement.
Stop & Shop will continue to have more than 350 stores across its five-state footprint.
The chain has done remodels on nearly 200 of its stores since 2018, but ultimately “it’s not enough, and it’s not where we want to be or need to be,” said Stop & Shop CEO JJ Fleeman.
All Stop & Shop workers will be offered other potential positions within the company, said spokesperson Daniel Wolk.
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There are 57 Stop & Shop stores in New Jersey.
These are the locations being closed by the end of 2024:
- 1083 Inman Ave., Edison
- 1049 US Highway 1 South, Edison
- 4861 US Highway 9, Howell
- 1278 US Highway 22, Phillipsburg
- 581 Stelton Rd., Piscataway
- 625 Paterson Ave., Carlstadt
- 1221 State Route 27, Franklin Township
- 130 Skyline Dr., Ringwood
- 505 Richmond Ave, Point Pleasant Beach
- 2275 West County Line Rd., Jackson
Pharmacy chain Walgreens said it would close hundreds of “underperforming” stores,” and discount chain Big Lots said it would close up to 40 stores as it mulls a bankruptcy.
Chains like Walgreens, Target and Aldi have announced plans to slash prices on thousands of their products as consumers feel the squeeze of inflation.
Companies with a New Jersey presence that have filed for bankruptcy since the pandemic include Red Lobster, Rite Aid, Bed Bath & Beyond and Christmas Tree Shops.
Daniel Munoz covers business, consumer affairs, labor and the economy for NorthJersey.com and The Record.
Email: [email protected]; Twitter:@danielmunoz100 and Facebook
