In the same report, Kroger disclosed that its Q1 2025 net income fell to $866 million, down from $962 million a year earlier. Total sales also declined slightly to $45.1 billion from $45.3 billion.

Sears, an iconic mall mainstay, plans to shutter more than 300 locations in the US by the end of this year, and J.C. Penney recently said it would close 138 stores because of waning traffic and sales.