According to The-Sun.com, the Bfresh Grocery store in Davis Square, Massachusetts will shutter its doors on October 12 leaving just one other location in the area.
A Closer Look
Ahold, the parent company for both Bfresh and Stop & Shop, failed to renew their lease and cited underperformance for the shuttering.
Stop & Shop’s external and corporate communications manager, Caroline Medeiros, explained: “Stop & Shop has made the difficult decision not to renew the lease for our Bfresh store. The store was not meeting financial expectations.”
The Director of Economic Development at the City of Somerville said the property owners plan to re-tenant the space and have received interest from other grocery stories.
The closing of the Bfresh in Davis Square, Massachusetts is indicative of the increasing economic challenges of various business operations around the country.