Stop & Shop is making a large equity investment in its portfolio of stores in New York City.
The company is investing $140 million in a store remodeling program to improve the shopping experience at its New York stores, with a renewed emphasis on value and a more “culturally relevant” assortment, along with more items made locally in the New York area will. The upgrades will take place over the next two years.
The revamp will feature more retail bins and special prices on relevant products, which will be highlighted in a New York City-specific weekly circular. Additionally, Stop & Shop will be the first retailer in New York City’s five boroughs to offer the Flashfood program, which gives customers access to fresh groceries approaching their sell-by dates through a mobile app with discounts of up to 50% %.
In addition to helping regular shoppers save over $500 a year on their grocery bills, the mobile app furthers Stop & Shop’s commitment to reducing food waste by 50% by 2030, the retailer said. Other retailers who have signed up for the Flashfood program include Giant Grocery, Meijer and Hy-Vee.
The upgraded stores will offer thousands of new items from around the world, ensuring that the range in each individual store reflects the diversity of the neighborhoods it serves.
Stop & Shop’s Bay Plaza store in the Bronx, for example, will feature a new “Global Market” featuring authentic products from 14 different regions tailored for its neighbors, including items specific to Puerto Rico, the Dominican Republic and Jamaica are, as well as halal meat, dairy and grocery items.
As part of the transformation of Maspeth, Queens, Stop & Shop will expand its Chinese and South American offerings and Sheepshead Bay customers will enjoy more Eastern European and Kosher food.
Stop & Shop’s Bay Plaza store in the Bronx, New York, is the first to be transformed and celebrated its grand reopening on June 10th. In addition to investing in its stores, Stop & Shop this year committed $1 million to help address food insecurity across New York through multiple local initiatives and community partnerships.
Founded in New York City more than two decades ago, Stop & Shop currently operates 25 stores in the Bronx, Brooklyn, Queens and Staten Island — and delivers to homes in all five boroughs.
“We’re proud to be making such a significant investment in New York City and we’re excited to be able to show our clients that we can provide a one-stop shop for everything they need and that, especially in this current time, we are a… value for money business environment,” said Gordon Reid, President of Stop & Shop. “We’re also committed to fighting hunger in the counties, and as part of our $1 million pledge, we’re investing nearly half a million in the city’s public schools and colleges to ensure local students are getting their have consistent access to healthy nutrition so they can succeed in class and beyond.”
Stop & Shop is also launching – and significantly expanding – a new food safety initiative in partnership with Montefiore Hospital & Quincy Asian Resources to begin on PS199X in the South Bronx Stop & Shop School Food Pantry Program in the districts. The program was created to reduce barriers affecting students’ ability to succeed in the classroom by ensuring they have consistent access to food. By the end of the year, Stop & Shop will support more than 30 school pantries across New York.
Stop & Shop Supermarket Company LLC is an Ahold Delhaize USA company and operates more than 400 stores throughout Massachusetts, Connecticut, Rhode Island, New York and New Jersey.