Kroger has announced plans to marking one of the largest closure rounds in the company's recent history.
The news came during Kroger's , released on June 20, which states that the closures are expected to result in a 'modest financial benefit.'
'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. As a result of these store closures, Kroger expects a modest financial benefit,' the report states.
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