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Supervalu to sell Connecticut Shaw's stores to Wakefern, Stop & Shop |
02.19.2010
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MINNEAPOLIS-Grocery store operator Supervalu, based here, announced its plans to sell all Connecticut Shaw's stores.
According to a Feb. 12 statement, the company has reached agreements with Wakefern for the sale of 11 Shaw's stores to individual owners, and with Stop & Shop for the sale of five Shaw's stores. These transactions are expected to close this spring. The company continues to seek buyers for its two additional stores in Connecticut.
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"While these decisions are always difficult, given the impact on associates and customers, they ultimately allow us to operate more efficiently and effectively within a highly competitive retail environment," said Pete Van Helden, Supervalu executive vice president of retail operations, in a statement.
Shaw's continues to operate 176 stores in five New England states.
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