Stop & Shop to Close Middletown, NY, Store
July 6, 2007, Quincy, MA - The Stop & Shop Supermarket Company today announced plans
to close its store located at 330 Route 211 East in Middletown, NY, at the beginning of
August 2007.
"This was a difficult decision since it impacts both our loyal customers and our valued
associates," said Senior Vice President of Operations Ron Onorato. "We regret any
inconvenience this will cause."
Stop & Shop has developed job transition initiatives and will be working with a job
outplacement firm, the United Food and Commercial Workers (UFCW) local union and state
and local government officials to assist store associates who are impacted by the closing
of the Middletown store.
Stop & Shop also announced it has entered into an agreement to sell the store
fixtures and assets to Wakefern Food Corp. after the store closes in August. Wakefern is
headquartered in Elizabeth, NJ, and operates ShopRite stores.
Information specific to Stop & Shop customers will be conveyed, as it becomes
available. Customers with questions can call Stop & Shop's Consumer Affairs
Department at 1-800-767-7772, Monday though Friday, from 8:30 a.m. - 5 p.m.
About Stop & Shop
The Stop & Shop Supermarket Company, based in Quincy, Massachusetts, employs more
than 59,000 associates and operates 389 stores throughout Massachusetts, Rhode Island,
Connecticut, New Hampshire, New York and New Jersey. For more on Stop & Shop, visit
www.stopandshop.com.
Certain statements in this press release are "forward-looking statements" within the
meaning of U.S. federal securities laws. These forward-looking statements include, but
are not limited to, statements regarding the strategic operating plans of management of
Stop & Shop and the expected impact thereof on store operations, employees, customers
and service, including its intention with respect to Stop & Shop to (1) close the
Middletown, New York, store, (2) provide job transition initiatives and work with a job
outplacement firm, United Food and Commercial Workers (UFCW) local union and state and
local government officials, in order to assist store associates who are impacted by the
closing of the Middletown, New York, store and (3) sell certain store fixtures and assets
to Wakefern Food Corp., and the expected timing of each of the foregoing. These
forward-looking statements are subject to risks, uncertainties and other factors that
could cause actual results to differ materially from future results expressed or implied
by the forward-looking statements. Important factors that could cause actual results to
differ materially from the information set forth in these forward-looking statements
include, but are not limited to, the ability of Stop & Shop management to implement
and complete successfully its strategic plans or delays or additional costs encountered
in connection with their implementation, the effect of general economic conditions and
competition, increases in or changes in competition in the markets in which Stop &
Shop operates, the actions of competitors, the inability to address, or delays in
addressing, legal obstacles or closing conditions to the consummation of the store
closing or asset sale, actions of courts, law enforcement agencies, government agencies,
unions and other third parties, and other factors some of which are discussed in the
public filings of Stop & Shop's parent company, Koninklijke Ahold N.V. Many of these
factors are beyond Stop & Shop's ability to control or predict. Given these
uncertainties, readers are cautioned not to place undue reliance on the forward-looking
statements, which only speak as of the date of this press release. Stop & Shop does
not undertake any obligation to release publicly any revisions to these forward-looking
statements to reflect events or circumstances after the date of this press release or to
reflect the occurrence of unanticipated events or circumstances, except as may be
required under applicable securities laws.
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