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Published: 2012-11-16 15:03:37
Updated: 2012-11-16 15:03:37

Posted: November 16, 2012

Kroger to close two Raleigh stores

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Raleigh, N.C. — The Kroger Co. (NYSE: KR) said Friday that it will close two of its 16 Triangle stores in January.

The stores at 1610 Martin Luther King Jr. Blvd. and 4111 New Bern Ave. have been in operation since 1993 and 2002, respectively. Company officials said they have been unprofitable, despite attempts to upgrade them.

Kroger said it would work with the local union to help displaced workers find new jobs.

Copyright 2012 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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And it begins, the shopping centers will soon look like those just south of the border, closed, windows broken out, trash all over the place, so nasty even the homeless dont hang in them,,
Click to view my profile oleguy
November 16, 2012 7:22 p.m.
As they say, location, location, location....
ConservativeVoter
November 16, 2012 6:54 p.m.
More union jobs being lost.

It's starting to sound like a pattern.

Unions killed the manufacturing base in this country.

Unions have put the airlines in bankruptcy several times.

The Unions killed Hostess who makes twinkies.

Now Kroger is closing union stores because they aren't profitable.
ConservativeVoter
November 16, 2012 6:53 p.m.
A low margin business requires lots of volume. Walmart is pulling volume from all of the supermarket chains. I go to all of them. Walmart, I buy a specific set of items that are always cheaper than anywhere else. I do not buy their meat. After that, I go after sale items in HT, Lowes Foods, Kroger, and Food Lion. What is nice is for me, all of these stores are practically next door to eat other.
whatelseisnew
November 16, 2012 5:10 p.m.
piene2,

I worked at Winn-Dixie in high school in Greensboro before they went bankrupt. Stores like Food Lion and Winn Dixie did well in poorer, urban, usually violent, areas of towns because they were low priced, no frills, and very basic. While stores like Harris Teetor and Lowes do well in more upscale areas.

Kroger just shouldn't have opened up stores on New Bern and MLK drive. It's that simple.
Common_Sensey
November 16, 2012 4:56 p.m.
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