Kroger Supermarket Chain to Close 60 Stores Across the U.S. – The Retail Collapse has Begun
With the apparent beginning of WWIII and the conflict between Israel and Iran dominating the headline news this past week, many other significant news stories have seemingly flown under the radar of both corporate and alternative news sites this past week....
I wouldn't necessarily say folding. Around us, they are opening three 37+M$ "Marketplace" stores. One is open, and the second is under construction. Very nice stores, I in all fairness must say. When it all plays out, the 60 closings will probably some of their older, dumpy stores from the '60's and '70's, and ones that are non profitable. Then we will start hearing the BMW'ing about "Food Deserts." And, no, I'm not defending Kroger. I find shopping @ Kroger about as enjoyable as a gasoline enema.
Ah, the inflammatory pre-op for colonoscopy.... 😜