Forget Kroger, another national grocery chain closing stores

Supermarkets operate on razor-thin margins that make it very challenging to make a profit."The average net profit for food retailers in 2024 is 1.7%," according to data from the Food Industry Association (FIA).To make that small margin, operators stock an average of 31,795 items in stores that average over 42,000 square feet, the FIA shared.In addition to low margins and expensive stores, traditional supermarkets and grocery stores have to compete with digital rivals. An online-only chain can keep its cost ...