Popular Northeast grocer Stop & Shop is going to shutter many of their stores that they consider to be "Underperforming." But while this appears on the surface to be another corporate casualty of a tanking economy, there a three important takeaways that must be noted.
"Stop & Shop will make some difficult decisions to close select underperforming store locations to help ensure the long-term health and future growth for our business," a spokesperson for the supermarket chain said in a statement.
Consumers and producers are feeling the negative effects of Bidenomics, but grocery stores aren't nearly as affected.
Food regulations, taxes, and mismanagement of infrastructure have more direct impacts on the profitability of a grocery store than inflation or other elements of Bidenomics.
Grocery stores shutting down in 2024 are part of the plan to bring food insecurity to Main Street America.
Even a surplus of inexpensive canned foods is better than having to rely on government if the food supply chain breaks down.
Some would say that just because a grocery store chain started chopping stores that we shouldn't panic.
https://lateprepper.substack.com/p/three-important-takeaways-from-grocery
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