💨 Abstract

American grocery chain Kroger plans to close about 60 stores in the next 18 months, following a failed merger with Albertsons and the ousting of its longtime CEO. The closures, affecting about 5% of Kroger’s footprint, come with a $100 million impairment charge but are expected to provide financial benefits. The company will offer affected employees positions at other stores.

Courtesy: Jessica Kwong