Business & Tech
Shaw’s Losing Money, Customers
Shaw's is losing money while customers leave the store for updated and expanded grocery store chains like Stop and Shop and Whole Foods.
One Shaw’s customer told the Boston Globe that the store’s prices are higher for basics like eggs, milk and bread.
Customers going to other grocery stores for cheaper prices have become a problem for the company. Shaw’s sales fell from $5.3 billion to $3.8 billion in 2012.
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The company has faced tough competition on the Cape from new stores like one in Sagamore.
Market Basket, a company known for its cheap prices, opened a store in Sagamore in June 2012. The store is a huge draw for Cape residents who often drive far distances to cut down the grocery budget.
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Shaw’s will face even more competition on the Cape this winter. Wholes foods announced in November they plan to open a new store in Hyannis in the former Border’s on Iyannough Rd.
We want to know what you think. Are prices higher at Shaw’s? Where do you shop for the best deals?
