abhishreshthaa
Abhijeet S
The Stop & Shop Supermarket Company is a chain of supermarkets located mostly in the northeastern United States.
Stop & Shop's roots can be traced back to 1892, when Solomon and Jeanie Rabinowitz opened a grocery shop, called the "Greenie Store", at 134 Salem Street, in Boston's North End. This store lasted at this location until 1908. According to the company's web site, Stop & Shop was founded in 1914 in Somerville, Massachusetts by the Rabinowitz family as the Economy Grocery Stores Company. Four years later, the store introduced a new concept to retailing: the self-service, modern supermarket. The chain had grown to 86 supermarkets by 1946, when the name was officially changed to Stop & Shop, Inc.
Stop & Shop purchased the now-defunct department store chain Bradlees in 1961, and sold it in 1992. It also operated a chain of pharmacies named Medi-Mart, which were sold to Walgreens in the late 1980s, as well as Perkins Tobacco Stores in the 1960s and 1970s.
Stop & Shop is now the largest food retailer based in New England. It operates more than 380 stores throughout four of the six New England states, as well as in downstate New York and northern New Jersey. The corporate headquarters is located in Quincy, MA and the current distribution facility is located in Assonet, MA. Until 2006 the firm also operated a large warehouse located off of Interstate 91 in North Haven, Connecticut; while the company's original warehouse was in Readville, MA.
Strengths
* Strong brand recognition
* Strong real estate in valuable markets
* High store productivity level
* Strong management skills
* Innovator
Weaknesses
* High fixed cost investment per store (requires very high ROI)
* Poor performance in peripheral markets
* Store concept hard to replicate given size and targeted shoppers/consumers
* Too reliant on manufacturers monies
Opportunities
* Smaller box format to attract time constrained shoppers
* Strengthen operational synergies through regional east-coast presence
* Divestment of Tops and US Foodservice will free up capital to be re-invested in the US
* Moving towards hybrid pricing strategy
Threats
* Growing presence of low-price competitors (i.e. Hannaford, Wal-Mart)
* Traditional and new channel competition
* Must achieve organizational stability
Stop & Shop's roots can be traced back to 1892, when Solomon and Jeanie Rabinowitz opened a grocery shop, called the "Greenie Store", at 134 Salem Street, in Boston's North End. This store lasted at this location until 1908. According to the company's web site, Stop & Shop was founded in 1914 in Somerville, Massachusetts by the Rabinowitz family as the Economy Grocery Stores Company. Four years later, the store introduced a new concept to retailing: the self-service, modern supermarket. The chain had grown to 86 supermarkets by 1946, when the name was officially changed to Stop & Shop, Inc.
Stop & Shop purchased the now-defunct department store chain Bradlees in 1961, and sold it in 1992. It also operated a chain of pharmacies named Medi-Mart, which were sold to Walgreens in the late 1980s, as well as Perkins Tobacco Stores in the 1960s and 1970s.
Stop & Shop is now the largest food retailer based in New England. It operates more than 380 stores throughout four of the six New England states, as well as in downstate New York and northern New Jersey. The corporate headquarters is located in Quincy, MA and the current distribution facility is located in Assonet, MA. Until 2006 the firm also operated a large warehouse located off of Interstate 91 in North Haven, Connecticut; while the company's original warehouse was in Readville, MA.
Strengths
* Strong brand recognition
* Strong real estate in valuable markets
* High store productivity level
* Strong management skills
* Innovator
Weaknesses
* High fixed cost investment per store (requires very high ROI)
* Poor performance in peripheral markets
* Store concept hard to replicate given size and targeted shoppers/consumers
* Too reliant on manufacturers monies
Opportunities
* Smaller box format to attract time constrained shoppers
* Strengthen operational synergies through regional east-coast presence
* Divestment of Tops and US Foodservice will free up capital to be re-invested in the US
* Moving towards hybrid pricing strategy
Threats
* Growing presence of low-price competitors (i.e. Hannaford, Wal-Mart)
* Traditional and new channel competition
* Must achieve organizational stability