Kroger announces closure of 60 underperforming stores after failed Albertsons merger

Kroger announced it plans to close 60 underperforming stores in the next 18 months, representing about 2.2% of the company's footprint of 2,700 locations.

Kroger did not say where these locations would be. Company leaders said Kroger had delayed closing these underperforming locations as it attempted a merger with fellow grocery giant Albertsons.

Kroger and Albertsons gave up on the merger in late 2024 after the Federal Trade Commission and various state attorneys general fought against the merger in federal court. They claimed that the merger would have stifled competition and led to higher prices, a claim Kroger and Albertsons leaders denied.

Read Full Article Here
 
Kroger by is licensed under flickr

Follow us

Read our latest news on any of these social networks!

Get latest news delivered daily!

We will send you breaking news right to your inbox


Have a tip? Let us know!

Recent Articles

...
Supreme Court allows Mississippi to require age verification on social media like Facebook and X

The Supreme Court has refused for now to block enforcement of a Mississippi law aimed at regulating the use of social media by children

...
Florida governor says state will open ‘deportation depot’ immigration jail

Ron DeSantis announced move as judge to decide whether to close ‘Alligator Alcatraz’ facility in Everglades

...
AI used to design antibiotics that can combat drug-resistant superbugs gonorrhoea and MRSA

Antibiotics are used to kill bacteria, but some infections have become resistant to drugs. It is estimated drug-resistant bacterial infections cause nearly five million deaths per year worldwide.

...
Melania Trump makes bombshell $1 billion threat against Hunter Biden after 'inflammatory' Epstein comments

First lady Melania Trump is threatening to sue Hunter Biden for $1 billion after he made the false claim that she was introduced to President Donald Trump by serial pedophile Jeffrey Epstein.