Sweetbay to close one-third of its stores by mid-February
Sweetbay to close one-third of its stores by mid-February
Tampa, FL-based Sweetbay Supermarket said Jan. 16 that it will close about one-third of its 105 stores by mid-February. All the outlets earmarked for closure are designated as "underperforming" by Sweetbay's Belgian parent company Delhaize Group, and many face in-house competition from newer, bigger Sweetbay stores in the same neighborhoods.
Of the 35 stores to be closed, 18 are in Sweetbay's home territory of Tampa Bay. Some have leases coming up for renewal while others have been made obsolete by openings of new Sweetbay markets.