Kroger, the parent company of Ralphs and Food 4 Less, announced plans to permanently close 60 stores, resulting in a $100 million loss. The closures are slated for the next 18 months, though specific locations are not yet revealed. Despite the financial hit, Kroger anticipates a modest benefit, hoping to reinvest savings into enhancing customer experiences. This announcement comes amid recent turmoil for Kroger, including leadership changes following misconduct investigations and a blocked merger with Albertsons that has resulted in ongoing legal disputes.
Dozens of Ralphs and Food 4 Less could face closures as Kroger announces plans to shut down 60 stores to focus on customer experience.
Kroger will permanently close 60 locations, projected to result in a $100 million loss, yet hopes for a modest financial benefit and reinvestment.
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