Massive Grocery Store Chain Kroger Announces 60 Closures

Kroger is ranked as the third-largest supermarket chain in the United States, behind only Walmart and Costco.

Thus, many Americans have come to rely on Kroger's grocery stores in their hometowns.

However, many communities are about to lose their grocery store.

Kroger announced on June 20 that it will close 60 stores across 16 states, which will amount to about 5 percent of its 1,239 "Kroger-branded grocery stores," CBS News reported.

"In the first quarter, Kroger recognized...