In the wake of revelations that several retailers are slashing prices on a myriad of products for their clientele, comes the disconcerting announcement that a prominent supermarket conglomerate intends to shutter an indeterminate number of its grocery emporiums.

 

Ahold Delhaize, the overarching entity of the Massachusetts-rooted Stop & Shop, divulged this development during a recent strategic conclave.

 

According to JJ Fleeman, the company’s chief executive officer, the cessation of operations at some of the retailer’s 400 outlets will not only “foster a robust store base” but also “guarantee a resilient future for the brand.”

 

Fleeman further elucidated that the corporation is prioritizing an immediate reduction in consumer costs.