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The US Groser Croger plans to shut down dozens of stores by the end of next year.
Large-scale cinnasinati-based Grocery series Announced on Friday. It operates thousands of supermarkets and pharmacies across the country and is planning to close 60 stores over the next 18 months, stating in the 2025 income report in the first quarter.
While the report states that the company’s profits “crossed our expectations,” Director Ron Sargent said in an earning call that the company reviewed the meaningful areas for its future development and determined that closing the store would “make the company more efficient.”
Sergeant said on Friday, “Unfortunately, today, all our stores are not distributing permanent results we need.” “For future success of our company, this morning, we announce a plan to close about 60 stores in the next 18 months.”
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A customer proceeds from the corridor of a frozen food inside a croger grocery store in Louisville, Kentki on 14 June 2017. (Luke Shrar / Bloomberg / Getty Images)
The report stated that Closers paid a loss of $ 100 million to Croger.
However, as a result of the shutdown, the company plans to revive savings in customer experience. No loss is expected Effect of full year guidance,
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An employee pushes a shopping cart on 16 June 2015 towards a croger store in Pioria, Illinois. (Daniel Acker / Bloomberg Getty Image / Getty Image)
Kroger told Fox News Digital that the company will not release the list of which places will be affected at this time.
Croger currently employs around 410,000 colleagues across the US (Getty Image / Getty Image)
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| One | Kogar cum. | 71.97 | +6.45 |
+9.84% |
The closing store will have all the employees Jobs offered According to the report, in other places. Crroger currently employs about 410,000 colleagues across the country.
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The total company sales in the first quarter was $ 45.1 billion in the first quarter compared to the same period last year.
