The grocery chain Kroger is closing all 150 stores in the U.S., Canada, Mexico and Canada, the company announced Thursday.
The chain will also be discontinuing some of its other retail brands.
The company says it will “continue to focus on growth, innovation and quality in the retail space,” and it expects the closure of the company’s 150 stores to take place by the end of 2020.
Kroger says the stores will not be re-opened as the brand’s retail operations will continue.
Krogers parent, Mondelez International Inc., says the closure will “reinforce the business plan and improve the bottom line.”
The chain has been plagued by health issues since it began opening in 1955.
According to a letter obtained by the Los Angeles Times, Kroger announced in May that it had spent $1 billion on a number of health care programs to combat obesity.
Kroges health care costs rose by nearly 10 percent between the first quarter of 2020 and the end and it’s expected that they will increase by more than 10 percent in 2021.
Kroge said in the letter that its goal was to be “healthier than ever” and that it would be better for consumers if it “continued to improve its health and wellness programs.”
It also said that its “commitment to the community” would be “the foundation for long-term success.”
Kroger CEO Mark Dunn said that Kroger had “made some mistakes” in recent years and said the company had made significant investments to make sure that its operations are “healthiest, safest and most sustainable.”
The letter from Kroger’s board also included a note from its CEO, Mark Mastrov, stating that Krober is “going through a period of transition and will be open to a variety of new and different ways to operate and grow the business.”
The company has been struggling to find its footing amid the health crisis and is also facing regulatory issues.
Earlier this year, it filed for Chapter 11 bankruptcy protection and the federal government asked the Federal Trade Commission to investigate the company.
According the Associated Press, the U,S.
Department of Justice is also looking into the company over allegations that it discriminated against gay and transgender customers.