Kroger to shutter 60 stores following shock ouster of CEO, failed merger

1. Kroger plans to close 60 underperforming stores, taking a $100 million charge. 2. New CEO optimistic; aims to reinvest savings into improving customer experience. 3. Sales projections increased to 2.25%-3.25% growth based on strong quarter performance. 4. Private label sales have consistently outperformed national brands for seven quarters. 5. Kroger plans to introduce 80 new high-protein products in response to consumer trends.