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Stop & Shop Could Lose $100M As Result Of 11-Day Workers' Strike Stop & Shop Could Lose $100M As Result Of 11-Day Workers' Strike
Stop & Shop Could Lose $100M As Result Of 11-Day Workers' Strike The Stop & Shop workers strike that lasted 11 days in Connecticut, Massachusetts and Rhode Island could cost the chain over $100 million in profits, Supermarket News reported. Parent company Ahold Delhaize gave the estimate following the end of the strike Sunday, April 21 of a one-off impact of $90 million to $110 million on the retail giant's underlying operating profit for 2019, according to the article. Lower sales, increased shrink of seasonal and perishable inventory, and additional supply-chain expenses are what makes up the amount, said the report. Ahold Delhaize said the strike…

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by Donna Christopher