The owners of New England’s largest supermarket chain are projecting around $100 million in losses from the labor strike that ended Easter Sunday.
Ahold Delhaize, the Dutch company that owns Stop & Shop, said the 11-day strike is expected to lead to losses between $90 million and $110 million.
The company says generally lower sales, lost revenue from “seasonal and perishable inventory” and supply chain costs were the main drivers.
Stop & Shop officials and the United Food and Commercial Workers union reached a tentative, three-year agreement Sunday. Some 31,000 workers at 240 stores in Massachusetts, Rhode Island and Connecticut returned to work Monday.
Union members are voting on the proposal Wednesday and Thursday.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
The Future of the Agency in a World of AI 
Rotting Apple: Berkley Explains Property Market, Company Appetite 
Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual 
‘Massive Legal Siege’ Against Social Media Companies Looms 
