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The Stop & Shop Supermarket Company is a chain of supermarkets located in New England, New York and New Jersey.
Stop & Shop’s roots can be traced back to 1892, when Solomon and Jeanie Rabinovitz 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 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.
In the late 1980s, The Stop & Shop Supermarket Company was acquired by leveraged buyout specialists Kohlberg Kravis Roberts. Shortly thereafter, Medi-Mart was sold to Walgreens, and Bradlees was spun off as its own corporation. After a period of several years in which KKR explored merger possibilities with Safeway (which it also controlled at the time), Stop & Shop was sold at public offering.
If you are interested in knowing more about the company, its statements, products, and special offers or discounts, please visit www.stopandshop.com
This week Stop and Shop circular and sales ad. Current Stop and Shop flyer, grocery ad, coupons and deals on iweeklyads.com.