Kroger says it will close 60 stores across the U.S. over the next 18 months
UNITED STATES, JUN 23 – Kroger will close 60 stores nationwide over 18 months, representing about 5% of its stores, and plans to reinvest savings into improving customer experience, despite strong recent earnings.
- 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.
259 Articles
259 Articles
‘Please don’t abandon us’: Kroger store closures spark outcry from workers and shoppers at doomed locations
Community members whose local Kroger stores are on the chopping block are urging the company to reconsider. Residents in cities impacted by the grocery chain’s recent announcement of store closures, including in Abingdon, Virginia; Kingsport, Tennessee; Gassaway, West Virginia; and Charlottesville, Virginia, have started petitions in hopes of convincing the company to reverse course and keep the stores open. In its Q1 earnings call last week, th…
Kroger, parent company of Ralphs, plans to close dozens of grocery stores
The Ralphs grocery store in Hillcrest. Photo by Staff/Times of San Diego) Kroger, a company that includes the Ralphs grocery chain, plans to close around 60 U.S. stores over the next 18 months to improve efficiency. The Cincinnati, Ohio-based company Kroger is the nation’s largest supermarket chain, with 2,731 stores in California, 34 other states and the District of Columbia. It operates stores under multiple names, including Ralphs, Food4Less,…
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