Kroger Co. has announced plans to close about 60 stores within the next 18 months, expecting this move will yield a "modest financial benefit." The closures come in the wake of Kroger's failed attempt to merge with Albertsons, which had regulatory obstacles and legal disputes. While Kroger assures that impacted employees will be offered positions at other locations, these store closures could heighten the difficulties faced by communities already struggling with food deserts. Specific locations affected by this decision remain undisclosed as local media sources speculate on reported closures.
Kroger is set to close approximately 60 stores over the next 18 months to generate a modest financial benefit, despite potential community backlash.
All affected employees will be offered roles at other locations, but the closures may exacerbate existing food deserts, presenting challenges for residents.
The closures come on the heels of Kroger's failed $25 billion merger with Albertsons, suggesting a strategic pivot in response to regulatory pressures.
While local media outlets have reported on specific closures, Kroger has not disclosed which 60 locations will be impacted from its recent earnings announcement.
Collection
[
|
...
]