Kroger news

07 January 2015
As Supervalu’s discount chain, Save-a-Lot, reports its strongest quarter for several years, we assess what’s in-store for the US grocery discount sector this year. Save-A-Lot the standout in a strong set of company results The third quarter was a solid one for Supervalu overall, with all three of its business segments delivering positive sales increases for the first time in over seven ye...
30 October 2014
While grocery ecommerce has seen spectacular growth in many parts of Europe, it is on the verge of becoming a key route to market in North America. With retailers pushing hard to build a presence in the channel, we've identified five key drivers that suggest things are about to take off in the region: Walmart’s scale to shift the channel New technologies reducing entry barriers Acqu...
12 September 2014
Kroger’s second quarter sales increased by 11.6% to $25.3bn, with same-store sales up 4.8%. Over the period, net earnings increased by 9.5% to $347.0m. Harris Teeter integration on-track The strong increase in sales reflects the acquisition of Harris Teeter and Kroger’s broader growth focused initiatives. The integration of Harris Teeter is on plan, and with Kroger’s support, the chain is ...
03 July 2014
Kroger has acquired Vitacost.com, a leading online health and wellness retailer, for $280m. This will help Kroger build its ecommerce knowledge and capabilities and provide it with a platform to accelerate its presence in online grocery retailing in the US. Strategic fit given Kroger’s push into ecommerce and natural foods This latest deal transforms Kroger’s presence in online retailing, ...
19 June 2014
Kroger’s first quarter sales increased by 9.9% to $33.0bn, reflecting the recent acquisition of Harris Teeter. Identical store sales (ex-fuel) increased by 4.6% over the same period. Investing in private brands to reinforce value proposition This was a strong performance from Kroger, benefiting from an improved consumer spending environment. However, the economic recovery remains fragile...
03 April 2014
Following its recent expansion to New York, the online grocery delivery specialist, Instacart, has now launched in Los Angeles. Connecting personal shoppers with customers Instacart, which is based in San Francisco, and initially focused its operations on the Bay area, uses personal shoppers to deliver products to customers’ homes directly. The business currently uses a range of stores in...
06 March 2014
Kroger’s fourth quarter sales, increased by 4.4% (ex-fuel) to $23.2bn, with identical store sales up 4.3%. For the full year, sales increased 4.2% (ex-fuel) to $98.4bn, with identical store sales up 3.6%. Private label continuing to gain market share The quarter and full year results revealed another solid performance from Kroger , further extending its impressive run of delivering over 10 ...
12 February 2014
Kroger has acquired You Technology Brand Services, Inc., a leader in digital coupons and promotions. Bridging the gap between online engagement and in-store purchases Having worked with You Technology for a number of years, the acquisition will mean that Kroger can push faster and harder in terms of digital coupons and promotions. The technology behind the company aims to bridge the gap be...
30 January 2014
Kroger has completed the acquisition of Harris Teeter, following its announcement last July of its intention to acquire the supermarket chain. Extends Kroger’s presence into high-growth markets The transaction represents a good fit for Kroger given Harris Teeter’s strong presence in North and South Carolina, states where Kroger is relatively under-represented, and also in high growth marke...
09 December 2013
Kroger is testing a 730 sq m format store in Columbus, Ohio, under the Turkey Hill Market brand, reports The Columbus Dispatch . Strategy to develop in-fill opportunities The store forms part of Kroger’s initiative to develop new store formats for in-fill opportunities around its existing larger format stores. The retailer already operates stores of around 370 sq m under the Turkey Hill Mi...