Kroger, the company behind Ralphs and Food 4 Less, plans to close 60 locations

The closures represent a $100-million loss for the company but will lead to a "modest financial benefit," the company said. Employees working at the affected stores will be offered positions at other locations. Read more:$25-billion Kroger-Albertsons merger plan is blocked by federal judge A spokesperson for the company did not immediately respond to a request for comment. There are 182 Ralphs locations and 90 Food 4 Less locations across California, according to the chains' websites. Both chains are headquartered in Compton.
The planned closures come amid a period of turmoil for Kroger, which is valued at $48 billion and has seen an 18% jump in share prices this year. The company's former chairman and chief executive, Rodney McMullen, abruptly stepped down in March following a probe into his personal conduct. Kroger was also involved in a failed $25-billion merger with grocery giant Albertson's. The deal was blocked by a federal judge late last year. Earlier this month, about 45,000 employees at Kroger and Albertsons authorized a strike to protest what they call unfair labor practices.
They have not yet walked off the job. Read more:Albertsons, Kroger workers authorize strike, protesting unfair labor practices Kroger reported net earnings of $866 million for the first quarter of 2025, down from $947 million during the same period last year. Total company sales were $45.1 billion for the quarter, compared to $45.3 billion last year. Kroger shares fell 1% Tuesday to close at $73.42. Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights.
This story originally appeared in Los Angeles Times. View Comments