Kroger to buy piece of struggling drug store chain’s business

12/12/2018
A new deal will expand Kroger Co.’s store portfolio and pharmacy customer base.

Kroger said Tuesday that is will take over 25 Shopko stores in Wisconsin and pharmacy files from 42 other locations in the state. Impacted Shopko pharmacy customers will have their prescriptions transferred to their local Kroger-owned grocery store, according to the Milwaukee Journal Sentinel.

While the financial terms of the agreement were not disclosed, the purchase adds a "significant" number of potential new pharmacy customers to Kroger's stores, a spokesman for the grocer said in the report.

Earlier this month, Shopko announced it plans to close 39 locations, with all but one operating under the Shopko Hometown banner. Liquidation sales were scheduled to start on Dec. 7, and the stores were expected to close at the end of February.

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