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Kroger to Close Four Seattle-Area Fred Meyer Stores
Kroger, the Ohio-based grocery corporation and owner of Fred Meyer and QFC, will be closing their Lake City and Redmond locations in October. This comes as the company just announced plans to close its Kent and Everett locations.
The company will close the locations at 13000 Lake City Way NE and 17667 NE 76th St. A total of 343 workers will be affected by these closures. This comes as Kroger moves forward with a nationwide plan to shutter 60 stores over the next 18 months.
The announcement brings the total number of stores closing to six. The closures have been attributed to theft and financial loss. Kroger had previously spent $1 billion trying to merge with Albertsons, which owns Safeway and Haggen, but failed. The company then announced $7.5 billion in stock buybacks. Kroger was then sued for $125 million by C&S Wholesalers, resulting in a recent settlement.
