Kroger will close 60 stores in the next 18 months

Grocery giant Kroger is planning on closing 60 stores within the next 18 months, according to its 2025 first quarter earnings report.

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"As a result of these store closures, Kroger expects a modest financial benefit," the Cincinnati-based grocery company said in the report, released June 20. "Kroger is committed to reinvesting these savings back into the customer experience, and as a result, this will not impact full-year guidance. Kroger will offer roles in other stores to all associates currently employed at affected stores."

When reached by "Good Morning America," a representative for Kroger said the company now operates over 2,700 grocery stores across 35 states, under their Kroger brand and their 19 other brands such as Food 4 Less, Fred Meyer and King Soopers.

Kroger also said it would not be releasing a list of stores that are set to shut down at this time but said the closures will impact stores under the Kroger and other brands.