42. Stop & Shop

How Many Stores Closing: 2

Current Value of the Business: $15.2 billion* (Revenue)

Stop & Shop, a recognizable grocery chain in the Northeast, has seen closures of two stores in 2023: one in January, another in March, reflecting possibly shifting trends or strategic decisions within the grocery business landscape.

The branch in Brooklyn, New York City ceased operations in January, followed by the Highland Park, New Jersey store in March. A spokesperson attributed the New Jersey store’s closure to its failure to meet financial expectations, hinting at larger operational challenges.