Any truth?
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I'm guessing that closing stores is a last-ditch move that would portend a sell-off of those that remain.
In 2019 1/3 of the stores were not profitable. If I was HyVee any store that wasn’t profitable during Covid money rush I would close. If your store couldn’t turn a profit in the Covid years it’s not going to happen.HyVee top management has to much of an ego to close stores. They has lost logical thinking at that level.
I would be interested to know how many of these stores do not turn a profit.
Don’t worry thou. For the stores that are closing they are going to be offering those employees jobs at corporate office. That way no one has to be laid off.
I don’t know if it’s rumors but I have heard they are looking at closing most stores that don’t turn a profit.