Kroger and Mariano's to Close Multiple Stores Amid Business Restructuring
Kroger plans to close 60 stores over the next 18 months, including Ralphs and Food 4 Less locations in California, resulting in a $100 million loss but expected to bring modest financial benefits. The closures are part of broader challenges for Kroger, which has faced leadership changes, failed mergers, and labor disputes, amid a slight decline in quarterly earnings and a drop in share prices.