Stop & Shop announced recently a $140 million capital investment in its New York City stores. The funds will be used to improve the shopping experience for customers by adding new items from around the world to ensure each store reflects the diversity of the neighborhood it serves, according to a statement by the company.
Store remodels will also showcase a new commitment to value by including deal bins and Flashfood, a food tech company operating inside the supermarket which offers food items at a discount rate. In addition to the investment, Stop & Shop has pledged a $1 million commitment to fight NYC food insecurity.
“We’re proud to make such a significant investment in New York City, and we’re excited to show customers that we can be the one-stop shop for everything they need and that we’re delivering great value, particularly in this current economic environment,” said Gordon Reid, president of Stop & Shop, in a statement. “We’re also committed to fighting hunger in the boroughs and as part of our $1M commitment, we’re investing nearly half a million in the city’s public schools and colleges to ensure local students have consistent access to healthy food so they can succeed in the classroom and beyond.”
As part of the company’s Global Market, different locations within Stop & Shops’ 25-store footprint will stock West Indian & Carribbean products, Halal foods, and expanded Chinese, South American, Eastern European, and Kosher options. Additionally, stores will offer many more locally made items including SFA member Pierre Thiam’s West African fonio chips from his brand Yolélé.
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