Posted 3/28/2024, 4:51:04 PM
Kroger Closing 3 Smaller E-Commerce Hubs in Texas and Florida
- Kroger is closing 3 spoke facilities for its e-commerce operations in Texas and Florida by end of May
- Facilities being closed are in Austin, San Antonio, and Miami
- These spokes extended reach of Kroger's network with Ocado but did not meet success benchmarks
- Closures won't impact larger regional fulfillment centers in Dallas and Groveland, Florida
- Kroger posted $150B in total 2022 sales and $2.96 EPS, up from $148.3B and $2.76 EPS in 2021
