Kroger says it will close 60 stores across the U.S. over the next 18 months
- Kroger announced it will close 60 supermarkets across the United States over the next 18 months, which is about 5 percent of its total locations.
- The company reported an impairment charge of $100 million related to the planned closures in its first-quarter earnings.
- Kroger expects these store closures to provide a modest financial benefit, according to a regulatory filing.
- Employees at impacted stores will be offered jobs at nearby locations.
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Grocery giant Kroger to close 60 stores in next 18 months
U.S. grocer Kroger is planning to close dozens of stores by the end of next year.The massive Cincinnati-based grocery store chain made the announcement on Friday. It operates thousands of supermarkets and pharmacies across the nation and is planning to close 60 stores in the next 18 months, a first-quarter 2025 earnings report said. While the report said the company's profits "exceeded our expectations," Director Ron Sargent said in an earnings …
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Leaning Left18Leaning Right9Center105Last UpdatedBias Distribution80% Center
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