US retail giant Supervalu Inc is set to sell all its Shaw’s stores in the state of Connecticut.
The company said on Friday (12 February) that it would offload the 11 outlets to individual owners – with Ahold’s Stop & Shop buying five of the outlets.
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Supervalu is also looking for buyers for its other two stores in the state.
“While these decisions are always difficult, given the impact on associates and customers, they ultimately allow us to operate more efficiently and effectively within a highly competitive retail environment,” said Supervalu executive vice president of retail operations Pete Van Helden.
The transactions are expected to go through this spring. The Shaw’s business will still operate 176 outlets in five other New England states.
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