NEW YORK — Shaw’s and Star Market have confirmed that six underperforming stores will close in Massachusetts and Rhode Island.
“We strive to ensure the success of all our stores, however, it is occasionally necessary for us to close those that are not meeting company goals. As a company and as responsible business owners, we need to position ourselves to be profitable. 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,” the company stated.
Four of the stores to close are located in Massachusetts and two are located in Rhode Island. The stores will be closed no later than 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,” the company added.
In March, AB Acquisition, which is an affiliate of Cerberus Capital Management, acquired from Supervalu the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacy operations — a move that reunited all Albertsons stores under one operator.
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