Stop & Shop Lost $100 Million During Strike

QUINCY, MA — Stop & Shop projected they lost around $100 million following the 11-day strike that saw 31,000 of their workers in Massachusetts, Rhode Island and Connecticut. The strike, which ended Easter Sunday, led to losses between $90 million and $110 million, Ahold Dehaize, the Dutch company that owns Stop & Shop told WCVB 5 News.

According to the company, lower sales, lost revenue from "seasonal and perishable inventory" and supply chain costs were the biggest factors that led to loss during the strike.

The losses were not unexpected, considering foot traffic for Stop & Shop's most frequent customers dropped dramatically, especially during the first weekend of the strike, according to survey data from Skyhook, a Boston technology company. Between April 12 and 14, the number of loyal Stop & Shop customers, defined in the report as someone who visits Stop & Shop once a week, dropped 75 percent compared to the weekend prior.

Leadership for the United Food & Commercial Workers unions came to a tentative agreement with Stop & Shop to end the strike last Sunday. Union members voted Wednesday night to officially approve a new three-year contract. The contract includes wage increases for all employees, and maintains workers existing healthcare coverage from the prior contract, WHDH reported.

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