Kroger is reportedly closing 14 stores in North Carolina where 1,500 employees work, according to media reports.
Jerry Clontz, president of the Mid-Atlantic Division, told TV station WRAL of Raleigh that Kroger is closing the doors of all Raleigh and Durham area stores because the grocery market in the region is oversaturated.
Harris Teeter, a wholly-owned subsidiary of The Kroger Co. based in North Carolina, announced today that it will buy eight of the stores and expects the deal to be completed in August.
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