India, June 21 -- Grocery chain Kroger announced it will close 60 stores across the United States over the next 18 months, representing about 5% of its 1,239 Kroger-branded locations operating in 16 states. The Cincinnati-based company disclosed the decision in a recent regulatory filing.

"In the first quarter, Kroger recognized an impairment charge of $100 million related to the planned closing of approximately 60 stores over the next 18 months. As a result of these store closures, Kroger expects a modest financial benefit," the company said.

Kroger said employees at affected stores will be offered positions at other nearby locations.

While the company did not release a full list of affected locations, WAFF reported that the Kroger st...