MILWAUKEE — Just a year and a half after Kroger bought Milwaukee-based Roundy’s Inc., it has closed eight of the stores it acquired.
Cincinnati-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, closed a number of Pick ‘n Save stores in Wisconsin this year because they were weak performers, Kroger spokeswoman Kristal Howard told TODAY’S TMJ4 partner the Milwaukee Business Journal. Three of those stores are in the Milwaukee area. The others are in Kenosha, Sheboygan, Kimberly and Shawano. An eighth location, a Copps store in Madison, was also shuttered.
The closures leaves Kroger with 111 stores in Wisconsin. It also acquired 34 Mariano’s stores in the Chicago area when it bought Roundy’s for $800 million in December 2015.
Kroger has done plenty of work realigning its management teams in Wisconsin and converting stores to its system in terms of pricing, products, customer rewards and tech systems.
“We’re clearly shining up a slightly tarnished star,” Kroger CFO Mike Schlotman said last November at Kroger’s investor day. “Getting back to a 50 (percent) market share…