Monday, June 4, 2018

Specialty grocer cuts back on expansion amid financial woes

Chain Store Age
Dean & DeLuca is downsizing its retail footprint.

The 41-year-old upscale specialty grocer has been quietly shrinking its portfolio (down from 42 locations to 18), canceling planned stores, and fending off lawsuits from suppliers who claim they haven’t been paid, reported the New York Post. (The company also has nine licensed stores overseas.). . . more