Kroger Company Announces 60 of Its Stores Will Close Over the Next Two Years

My fingers are crossed that my favorite Kroger store will not be on the chopping block, but I have no control over that decision. Obviously.

Kroger Closing Stores

It's weird when you have every reason to assume a national chain is thriving, only to hear an announcement declaring

" target="_blank">the closure of several of the chain's locations. I can't imagine there would be a good reason to close any of the Kroger stores in my hometown of Owensboro, Kentucky. I hope they're all safe when all is said and done. I take great pride in my tattered Kroger Plus Card, which I've had for, I know, 20 years.

All three Owensboro locations have big fan bases, and that's probably because of how they're spaced out. Again, though, the corporate bigwigs who make these calls have the numbers in front of them, and we don't.

Kroger's Financial Statement

Here's what the company's 2025 first-quarter earnings statement says with regard to the announced closures...

Before we go any further, an impairment charge is the difference between a company's initial value and its current value. For example, if a business is worth $8.5 million, and then, after certain divestitures, its price comes down by $5 million, the impairment charge is $3.5 million.

Kroger says that employees affected by the shuttering of these 60 stores will be offered opportunities in other stores. As of right now, the names of those stores have not been revealed.