Major Grocery Chains, Including Aldi, Are Closing Stores, Starting Feb. 12
Jonathan Weiss / Shutterstock
There are few things more frustrating than an interruption to your routine. We all have our favorite places for dinner, our go-to spot for coffee, and of course, our preferred grocery store . But a few chains, including the budget-friendly Aldi, just announced that they’ll be shuttering stores, meaning your local hub could soon be gone for good. Read on to find out more about these upcoming closures.
READ THIS NEXT: Clothing Retailers, Including Marshalls, Are Closing Stores .
Shutterstock
The store, located on N Penn Avenue is closing “due to the inability to renovate the store to accommodate our larger product range and our current lease term expiring,” Aldi told the station. “We thank our customers for their years of loyalty at this location and look forward to seeing them in nearby stores soon.”
KARE also included a photo posted outside the store, which confirmed that the location will close for good at 5 p.m. on Super Bowl Sunday . It also pointed shoppers to other Aldi stores in the Minneapolis area.
Customers are sad to see the discount food store go, especially in light of skyrocketing grocery prices . “Can’t afford too much out of Cub,” shopper Jarrod Jackson said, referring to the only other nearby grocery chain, Cub Foods.
LaTrisha Vetaw , Ward 4 Minneapolis council member, called Aldi’s departure “a great loss,” adding that she wishes city officials were given more advance notice. “I would’ve loved to intervene as a council member and have the entire council step in and figure out what we could do,” Vetaw told KARE.
Best Life reached out to Aldi for comment, but has yet to hear back.
Yingna Cai / Shutterstock
Stop & Shop, a grocery chain with stores in the Northeast, also announced a store closure. Come March 23, the Stop & Shop in Highland Park, New Jersey, will be gone for good, a company spokesperson told Best Life .
“Stop & Shop conducts reviews of its business performance on a regular basis, and this store was identified as underperforming relative to financial expectation,” the spokesperson said, confirming that no other New Jersey Stop & Shop stores are slated to close.
Shachima / Shutterstock
“We’re continuously refining our store formats to find the ones that will resonate with customers, will build our grocery brand, and will allow us to scale meaningfully over time,” Olsavsky said. “As such, we periodically access our portfolio of stores and decided to exit certain stores with low growth potential.”
Noah Sauve / Shutterstock
“We’ve decided over the last year or so that we’re not going to expand the physical Fresh doors until we have that equation with differentiation and economic value that we like, but we’re optimistic that we’re going to find that in 2023,” Jassy said. “When we do find that equation, we will expand it more expansively. But I think that we have a very significant opportunity in the grocery segment.”
“Consumers are not going to shop somewhere just because it has walk-out technology or a fancy cart that scans items as you add them. They need something else to entice them,” Neil Saunders , managing director of GlobalData Retail, told Insider.
