Kroger news

05 December 2013
Kroger’s third quarter sales increased by 3.2% to $22.5 bn, with identical store sales up 3.5% (ex-fuel). This represented the retailer’s 40th consecutive quarter of positive identical store sales, an un-matched achievement in the sector. Net earnings fell by 5.7% to $299.0m, although this was mainly due to the impact of special items in the same quarter last year. Cautious consumer outlook e...
28 November 2013
.style1 { text-align: center; } While retailers such as Walmart, Target and Toys R Us dominate Black Friday discussions, with the retailers attempting to out-do each other with deals on electronics, gaming consoles and toys, grocery retailers’ Thanksgiving strategies are often overlooked during this key trading period. Saving customers time, and stress While turkeys dominate, with retai...
11 November 2013
Kroger is to invest $150m in North Texas over the next two years to build five new Marketplace stores and to expand three existing stores, along with opening multiple fuel stations and remodeling existing stores. Dallas one of the fastest growing cities in the US Dallas is a key market for future growth for both Kroger and other grocery retailers. The city was recently recognised as the t...
20 September 2013
Kroger has announced that David Dillon will retire as CEO on January 1, 2014, while continuing to serve as Chairman of the Board until December 31, 2014. Rodney McMullen, the retailer’s President and Chief Operating Officer has been announced as his replacement. Succession planning ensures consistency in strategy Kroger’s appointment of Rodney McMullen ensures continuity of its strategy as ...
14 September 2013
Kroger’s second quarter sales increased by 4.6%to $22.7bn, with identical store sales (ex-fuel) up 3.3%. Net earnings over the period increased by 13.6% to $317m. Consistent strategy execution for almost 10 years Kroger has now delivered 39 successive quarters of positive identical store sales growth, demonstrating the consistency of performance and execution of its customer first strategy....
29 August 2013
At IGD, we are keeping an eye on the online grocery channel around the world. Here, we take a closer look at the US market, including latest developments and innovative new retailers to watch. Online grocery is becoming a major priority for US retailers Although it is niche today, technology is empowering shoppers to transact anytime, anywhere, and a growing number of start-ups and tradit...
13 August 2013
Dallas is among the best cities in which to see a broad representation of US retailers, particularly those with a focus on the supermarket format. We take a look at some of the key stores to see in North Dallas. National operators dominate As one of the largest cities in the US , it is an attractive prospect for a large number of retailers, and consequently it is a great city to see a variet...
01 August 2013
Kroger has launched a new ‘Refresh’ initiative in Houston which focuses on increasing loyalty and attracting new customers through reduced prices, faster checkout, fuel discounts, locally sourced items and community involvement. The ‘Refresh’ initiative: our view With over 100 stores and 800,000 weekly customer visits, Houston is a key region for Kroger , where it is the market share leader ...
09 July 2013
Kroger has reached an agreement to acquire Harris Teeter, a leading US grocery chain with over 200 stores. Good fit for Kroger Earlier this year Harris Teeter announced that a strategic review of the business was underway leading to speculation that the business would be acquired, either by private equity or an existing retailer. The transaction represents a good fit for Kroger given Harri...
24 June 2013
US grocer Kroger has established two new supermarket divisions (Nashville and Louisville) and announced new presidents of the existing Michigan division and of Kroger manufacturing. All appointments are internal promotions Rick Going has been appointed president of the new Nashville division. He moves from the Michigan division where his replacement is Jayne Homco, formerly vice president...