STOP & SHOP TO SLOW SUPERSTORE EXPANSION

QUINCY, Mass. -- Stop & Shop Cos. here said it will slow its projected pace of new superstore openings this year due to its recent acquisition of Purity Supreme, North Billerica, Mass.The 130-store company also reported a 21% increase in earnings and a 4.7% increase in sales for the first quarter ended May 20.As reported, Stop & Shop agreed last month to purchase Purity for an estimated $255 million.

QUINCY, Mass. -- Stop & Shop Cos. here said it will slow its projected pace of new superstore openings this year due to its recent acquisition of Purity Supreme, North Billerica, Mass.

The 130-store company also reported a 21% increase in earnings and a 4.7% increase in sales for the first quarter ended May 20.

As reported, Stop & Shop agreed last month to purchase Purity for an estimated $255 million. The Purity chain includes 55 supermarkets and 66 franchised conveni

Register to view the full article

test - Advanced Registered User

Already a member? .