Kroger to Close Delivery Centers, Take $2.6 Billion Hit (2)

Kroger Co. said it would close some e-commerce fulfillment centers and expand partnerships with delivery companies, a shift in its digital strategy.

The grocer said these efforts would result in impairment and related charges of about $2.6 billion in its fiscal third quarter.

Kroger’s shares rose less than 1% at 10:08 a.m. in New York trading. The stock had gained 8.1% this year through Monday’s close, trailing the S&P 500 Index’s 13% advance.

Kroger recently said it would deepen partnerships with Instacart and DoorDash in an effort to reach more consumers and offer faster delivery options. These efforts will help ...