Kroger news

02 December 2022
Following a strong third quarter performance, USA-based Kroger has lifted its outlook for the full year. We look at what’s underpinning its confidence. Q3 key numbers Total sales increased 7.3% to $34,198m Identical sales (ex-fuel) increased 6.9% Digital sales increased 10% Operating profit fell 3.1% to $841m Relative affordability of eating at home Kroger delivered a strong per...
17 October 2022
Kroger’s merger with Albertsons, if approved by the FTC (Federal Trade Commission), will create a retailer with sales of around $200 bn, operating 5,000 stores (excluding divestments). With very few truly national grocery retailers in the US, we consider what this deal could mean for some of its biggest suppliers. Solidifies position among America’s leading retailers As the two largest superm...
14 October 2022
Kroger and Albertsons, the two biggest supermarket operators in the USA, have entered into a definite agreement to merge in a $25 bn deal. This could be a transformational deal for the businesses and the wider industry. We look at why this is taking place and the potential impacts. Why is this deal being proposed? Earlier this year, Albertsons announced that it was undertaking a Board-led rev...
04 October 2022
The current cost-crisis, along with labour challenges, is leading to a new wave of automation at store level. We look at three recent innovations from Japan, Poland and the US. Replenishment: tackling Japan’s labour challenge In Japan, leading convenience store chain, FamilyMart, is partnering with Telexistence to install its AI robot, TX SCARA, in 300 stores. This has been developed ...
28 September 2022
We look at how Kroger is using Everseen’s Visual AI platform to reduce customer friction and losses at self-checkouts. Reducing checkout errors Everseen’s platform is one of the most advanced in our industry, leveraging AI technologies from powerhouses including Lenovo and NVIDIA. It is being used by Kroger at over 1,700 stores to improve the shopper experience at self-checkouts, where erro...
12 September 2022
US-based Kroger delivered a strong second quarter performance, driven by its focus on emphasising value, enhancing its fresh food offer and accelerating its digital initiatives. We look at some of the key programmes which supported this. Kroger’s key numbers Total sales increased 9.3% to $34,638m. Excluding fuel, sales increased 5.2% Identical store sales increased 5.8% Private lab...
22 June 2022
As the largest supermarket retailer in the US, Kroger’s performance provides a great indication of what’s happening across the wider industry. We look at the retailer’s first quarter performance and the value its generating through its fresh, private label, personalisation and digital strategic initiatives. Inflation expected to be higher than originally anticipated Kroger’s first quarter s...
07 April 2022
Kroger, the second largest grocery retailer in the US, has started a new restaurant delivery service in Texas. Providing operators with flexibility Kroger Restaurant Supply has started operating in the Greater Dallas area. It’s been set-up to provide operators with a range of products at consistent prices, supported by a robust supply chain. They can purchase items by the case or unit. Regi...
24 March 2022
US-based Kroger has formed a strategic collaboration with NVIDIA to develop an AI lab to enable it to reimagine the shopper experience. Three focus areas The new lab and demonstration centre will be developed within Kroger’s Cincinnati HQ. The collaboration will draw on NVIDIA’s capabilities as a leading computer chip company centred on computer graphics, high performance computing and arti...
14 March 2022
Kroger reported strong sales growth of 4% for 2021, driven by online and fresh food. The retailer has also outlined some elements of its future strategy, including building a world class seamless ecosystem and reinforcing its core food business. 2021 results: online and fresh were key drivers Total sales reached US$137.9 bn in 2021, compared to US$132.5 bn in 2020. On a two-year stack basis...