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The report said, “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.
Kroger has roughly 1,200 stores spanning 16 US states. The grocery chain said it is benefiting from consumers cutting back spending on dining out and lifted its sales forecast for the year.
US grocery chain Kroger has booked a $100m impairment charge in anticipation of shutting down 60 stores by the end of 2026. The plan has been revealed in its first quarter (Q1) 2025 results. The ...
Cincinnati-based Kroger operates 1,239 grocery stores in 16 states, according to its store locator. It owns a number of well-known regional chains, including Ralphs, QFC, Fred Meyer, and Food 4 Less.
Kroger will be closing more than 60 stores it considers underperforming across the U.S. by the end of 2026, according to a recent announcement by the grocery chain.
According to Reuters, Kroger’s same-store sales rose 3.2% in Q1 2025—beating expectations—and the company raised its full-year sales forecast to 2.25–3.25%, up from a previous range of 2–3%.
Kroger shoppers who don't have the app can now get the same digital deals. The Cincinnati-based supermarket chain recently rolled out paper flyers mirroring its weekly digital deals.
Kroger is set to close about 5% of its grocery stores — amounting to approximately 60 locations — over the next year and a half.