Keep Kroger Stores at 1977 S. Third St. and 2269 Lamar Ave. in Memphis Open
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Food deserts plague many areas of Memphis and The Kroger Company's recent announcement that it would close two (2) locations in Memphis located at 1977 S. Third Street and 2269 Lamar Avenue would worsen the situation. Food desert is a desciption commonly used to characerize areas that lack a full-service grocer that tend to offer its customers access to fresh fruits, vegetables, and other healthier food choices.
Published reports have indicated that both stores have lost money since 2014, but while there have been significant investments in other communities throughout Memphis, these two stores haven't been afforded the upgrades to make it more appealing to customers. Both stores have an exterior design common for Kroger Stores dating back to the 1980s and likely lack the efficiencies found in more modern store that could have reduced the reported losses.
We recognize a company cannot continue to operate at significant losses, but according to its most recent annual report, The Kroger Company earned $2.9 billion before taxes and paid income taxes of $957 million, for an effective rate of 33%, but with the massive corporate tax cut recently passed into law, the company stands to save $345 million annually on $2.9 billion earnings now that the maximum corporate tax rate is now 21%.
Please sign this petition to let The Kroger Company know that they shouldn't add to food desert conditons in Memphis and that being a good corporate citizen and community partner can co-exist with such a profitable company.
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