LOUISVILLE, Ky. — Kroger is planning to close approximately 60 stores over the next 18 months, according to the company’s First Quarter 2025 report.
“In the first quarter, Kroger recognized an impairment charge of $100 million related to the planned closing of approximately 60 stores over the next 18 months,” the report said.
The company said it is expecting “a modest financial benefit” because of store closures.
Spectrum News 1 reached out to Kroger to ask which stores it was closing. The company said they will not be releasing a list of stores at this time.
“Kroger is committed to reinvesting these savings back into the customer experience, and as a result, this will not impact full-year guidance,” the report said.
Workers at closing Kroger stores will be offered positions at other locations, the company said.
Despite store closures, Ron Sargent, Kroger’s chairperson and CEO, said the company’s sales remain strong:
“Kroger delivered solid first quarter results, with strong sales led by pharmacy, eCommerce and fresh. We made good progress in streamlining our priorities, enhancing customer focus, and running great stores to improve the shopping experience.
Our commitment to driving growth in our core business and moving with speed positions us well for the future. We are confident in our ability to build on our momentum, deliver value for customers, invest in associates and generate attractive returns for shareholders.”