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From Fox Business: The massive Cincinnati-based grocery store chain made the announcement on Friday. It operates thousands of supermarkets and pharmacies across the nation and is planning to close 60 stores in the next 18 months, a first-quarter 2025 earnings report said.
While the report said the company’s profits “exceeded our expectations,” Director Ron Sargent said in an earnings call that the company reviewed areas not meaningful to its future growth and determined that closing the stores “will make the company more efficient.”
“Unfortunately, today, not all of our stores are delivering the sustainable results we need,” Sargent said on Friday. “To position our company for future success, this morning, we announce plans to close approximately 60 stores over the next 18 months.”
Kroger currently has nearly 410,000 employees in total, and said all employees impacted by the closures will be offered jobs at other locations. The grocery giant has about 1,200 stores across 16 states.
However, Kroger told Fox News Digital that the company will not yet be releasing a list of which locations they plan to close.
Wasn’t Kroger a big DEI supporter? Play stupid games win stupid prizes. Grocery giant Kroger to close 60 stores in next 18 monthshttps://t.co/nXEcbsISbS
— Scott (@ssch1963) June 23, 2025
😂😂😂😂 Kroger’s Grocery Store is getting slammed for their Juneteenth watermelon cakes!
I’m mad they didn’t add Fried Chicken-flavored cake, Collard Greens cupcakes, and Sweet Potato Pie cookies to the mix! pic.twitter.com/7vVOv7q10S
— Terrence K. Williams (@w_terrence) June 20, 2025
NEW: Kroger releases statement after they went viral for their ‘Free @ Last’ cookie cakes for Juneteenth.
The company is speaking out after receiving harsh backlash online for the cakes.
“The cakes and cookies that were featured in the video were inconsistent with our provided… pic.twitter.com/UJvXfBvP1Y
— Collin Rugg (@CollinRugg) June 21, 2025
READ MORE from Fox Business.