Kroger plans to close approximately 60 grocery stores over the next 18 months as part of a strategy to improve operational efficiency. This decision was announced during a recent corporate earnings call. While specific locations have not yet been disclosed, employees affected by the closures will be offered positions at other stores. The company aims to offset lost sales from closed stores by increasing profitability through this consolidation. Additionally, Kroger’s interim CEO noted plans to open at least 30 new stores in high-growth areas within the coming year amidst labor unrest over staffing issues.
Kroger plans to close around 60 grocery stores to enhance efficiency while simultaneously opening at least 30 stores in growth areas.
Kroger’s interim CEO stated that job opportunities will be available at other locations for employees from the closed stores.
Despite the closures, Kroger believes reallocating sales from closed stores will ultimately lead to improved profitability.
Labor unrest at Kroger underscores challenges within the company, with workers striking over issues like chronic understaffing.
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