By the end of 2026, 60 Kroger locations will have closed or approximately 5% of the Cincinnati-based grocery retailer’s stores. At least one of them is in Kentucky.
The grocery chain said in its first quarter conference call with investors last week it would shutter underperforming locations as part of a larger effort to increase operational efficiency and ensure longevity.
“We are reassessing our capital allocation strategy to make sure we are spending our capital on projects that offer the highest returns,” said the company’s chairman and interim CEO Ron Sargent Friday. “We are reviewing our non-core assets, we’re aggressively looking for ways to reduce costs throughout the company, and we expect to reinvest those cost savings directly into lower prices and additional store hours for our associates so that they can better serve customers.”…