Kroger stores across the country are shutting down pharmacy hours as the company struggles to survive a global downturn and a record loss.
The chain has shuttered more than 1,400 stores and more than 4,000 pharmacy hours over the past year and a half.
The closures are the result of Kroger’s bankruptcy and ongoing bankruptcy, which is not expected to affect its profits, but is expected to negatively impact its stock price, the company said in a press release.
The company is trying to cut costs, including staffing and closing stores.
The chain plans to reduce the number of stores by 40 percent by 2020.
The closure of pharmacies also comes on the heels of Kroenke’s recent decision to close its pharmacies in North Carolina.
Kroger has been struggling with its finances as it tries to recover from the global recession, a record $7.4 billion loss for the company last year.
Kroger announced last month that it was filing for Chapter 11 bankruptcy protection, a move that could leave the company with just $11.5 billion in cash.