Grocery giant closing 60 stores in the US – see list
Kroger plans to close approximately 60 stores over the next 18 months following the failure of its merger with Albertsons due to antitrust concerns, resulting in a $100 million impairment charge. The company will offer affected employees positions at other locations and aims to reinvest savings into enhancing customer experience, despite maintaining its operating profit forecast of $4.7 billion to $4.9 billion. Need More Context? 🔎
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