Ohio-based grocery chain closing 60 stores months after CEO quits

A popular supermarket is closing dozens of stores, expecting these closures to be “a modest financial benefit,” the company said in a filing.

Kroger, the Ohio based grocery chain, revealed in its first quarter earnings report that it plans to close 60 grocery stores – 5% of its 1,239 locations – over the next year and a half.

“Kroger is committed to reinvesting these savings back into the customer experience, and as a result, this will not impact full-year guidance,” said the filing.

BROUGHT TO YOU BY

The company has not yet released a closing list of which stores will make the cut. The bulk of their locations are in Ohio, Indiana, Kentucky, Texas, Tennessee, Michigan, and Georgia.

There’s been a decrease in total company sales compared to last year – $45.1 billion this first quarter, compared to $45.3 billion in 2024.

The announcement comes just months after former chairman and CEO Rodney McMullen resigned, after a board found his conduct “inconsistent with Kroger’s Policy on Business Ethics.” This also comes just weeks after a huge investigation found that Kroger has allegedly been price gouging and selling customer data. You can read more about that here.


 Want to read more? Check out our print publications, (614) Magazine and Stock & Barrel. Learn where you can find free copies of our newest issues here!

BROUGHT TO YOU BY