A POPULAR grocery chain is set to close down another seven locations, with the first wave coming in a matter of weeks.
It comes as the parent company plans to shutter dozens of underperforming stores across the country.
A popular grocery chain is set to close down another seven locations, with the first wave coming in a matter of weeks[/caption]
Operating nearly 262 stores across seven states including Washington D.C., Harris Teeter is a Kroger subsidiary.
Harris Teeter is set to close down all targeted stores this summer.
The chain is looking to close the stores in the first wave by July 20, with the others set to be wiped out by August 4.
Each impacted Harris Teeter store will displace around 100-200 workers, who are being offered transfers to other locations.
It comes as Kroger looks to close 60 stores over the next 18 months in reaction to the uncertain consumer environment.
A news release said: “In the first quarter, Kroger recognized an impairment charge of $100 million related to the planned closing of approximately 60 stores over the next 18 months.
“As a result of these store closures, Kroger expects a modest financial benefit.
“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.”
CEO Ron Sargent added: “We’re going to move with speed, focus on our core business, and run great stores.
“That’s how we’ll position Kroger for long-term performance.”
KROGER CALL
Kroger has stayed fairly ambiguous around its mass closure plans, which has left local media tom report on isolated shutting stores coming up.
Two stores in Texas recently closed, including one in Dickinson on June 10 and another in The Woodlands on May 6.
Brad Bailey, chair of The Woodlands Township board of directors, said in a statement: “While this is unfortunate news, we have seen this coming for some time.
Harris Teeter closure dates
- Tysons, VA:8200 Crestwood Heights Drive — closing July 20 after 16 years in operation
- 8200 Crestwood Heights Drive — closing July 20 after 16 years in operation
- Arlington, VA:950 S. George Mason Drive — closing on or before July 203600 S. Glebe Road — closing by August 4
- 950 S. George Mason Drive — closing on or before July 20
- 3600 S. Glebe Road — closing by August 4
- North Bethesda, MD:11845 Old Georgetown Road (North Bethesda Center) — closing by July 20
- 11845 Old Georgetown Road (North Bethesda Center) — closing by July 20
“Shopping has drastically changed since the ’80s and ’90s when our village shopping centers were built.
“It’s time for us to reimagine our village shopping centers to meet the retail needs of our community today.”
But in the city of McKinney, Texas, it is unclear when a Kroger there will be gone, but we know it will be.
McKinney is located about 33 miles north of Texas.
Upcoming Kroger closures include one in Virginia and one in Tennessee, both slated for September 19.
The Virginia closure ism located in Abingdon, and the Tennessee closure will target Kingsport.
It is important to note that it is unclear if these locations are a part of Kroger’s 60 store plan.
Harris Teeter is set to close down all targeted stores this summer[/caption]
Operating nearly 262 stores across seven states including Washington D.C., Harris Teeter is a Kroger subsidiary[/caption]
