Supervalu Inc, the US retailer, has decided to close five stores operating under its Shaw’s Supermarkets banner.
The outlets – three in Massachusetts and two in Rhode Island – will be closed by 17 February.
A spokesman for Supervalu said: “Given the competitive markets we operate in, and today’s difficult economic environment, it is occasionally necessary to close those stores that are not profitable. Now, more than ever, it is critical that we not lose focus on improving the business, satisfying our customers and staying strong in this economy.”
In February, Supervalu sold all its 11 Shaw’s stores in Connecticut. A month later, it was announced that 4% of Shaw’s staff – around 1,200 employees – would be laid off to “streamline” the business.
Before Christmas, The Wall Street Journal reported that Supervalu had been trying to sell the Shaw’s chain for months but had yet to find a buyer.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData