AUSTIN (Reuters) – Texas-based Kroger Corp (KRG.
N) said on Tuesday it is phasing out hours at its grocery store chains, which have led to high costs and higher turnover.
The chain said it will phase out hours starting on Nov. 1, 2018 at the stores in New York, Los Angeles and Chicago, where customers can buy groceries at reduced prices.
The move will save the chain about $2 billion in annual sales, Kroger said in a statement.
The grocery chain is one of a few that are considering such drastic measures, including changing their hours or eliminating some of the perks that come with owning a Kroger.