The Kroger Co. has entered into a definitive agreement for the sale of its c-store business unit to EG Group, a privately held c-store retailer based in Blackburn, Lancashire, U.K., for $2.15 billion. The companies expect to close the transaction during the first quarter of Kroger’s fiscal year. As part of the agreement, EG Group will establish its North American […]
Tag: Kroger
Kroger Reaches $1 Billion In Annual Organic Produce Sales
The Kroger Co.’s organic produce business has achieved $1 billion in annual sales. “Kroger offers one of the largest organic produce departments in America, and we are proud to have led the way in making this category more mainstream, accessible and affordable,” said Robert Clark, Kroger’s SVP of merchandising. “We have a dedicated procurement team that partners with more […]
Kroger Expanding Scan, Bag, Go To 18 Divisions This Year
The Kroger Co. recently revealed plans to introduce its new Scan, Bag, Go shopping technology in 18 operating divisions, making the service available this year to customers at 400 stores. “With every new product, service and technology integration, Kroger is redefining the customer experience and reimagining the store of the future,” said Chris Hjelm, Kroger’s EVP […]
Kroger Promotes Two, Names First African-American Division Leader
The Kroger Co. has made two leadership promotions that it says will support its Restock Kroger plan. Steve McKinney, currently president of the Fry’s Food Stores division, has been promoted to SVP of retail divisions for the company, effective Feb. 5. Monica Garnes, currently corporate VP of produce-floral merchandising, will succeed McKinney as president of the Fry’s division. […]
Recommended: Casey’s Explores Buying Kroger C-Stores Valued At $2B
Casey’s General Stores, under pressure from activist investor JCP Investment Management, has submitted an initial bid for Kroger’s roughly $2 billion convenience-store business, sources familiar with the situation tell CNBC. JCP Investment Management in January called for the Ankeny, Iowa-based convenience store operator to explore strategic alternatives, including a potential sale. Buying Kroger’s convenience-store business […]
Recommended: To battle Amazon, Kroger Eyes Alibaba Alliance
Kroger may have found a way to counter Amazon. The country’s No. 1 supermarket chain is exploring an alliance with Jack Ma’s Alibaba — the China-based e-commerce giant, The Post has learned. Alibaba is similar to Amazon in that it operates supermarkets that use Amazon Go-like technology that allows cashier-less stores. Senior Kroger executives met […]
Kroger Implements Pharmacist eCare Plan In North Carolina
Kroger and AssureCare, a privately held healthcare technology company, have achieved Level III capability from Community Care of North Carolina (CCNC) for their “Pharmacist eCare Plan” initiative. Using AssureCare’s MedCompass solution, Kroger pharmacies in North Carolina can share care plans electronically, support care coordination and actively participate with CCNC and its patient-centered medical home and […]
Kroger Working With Edgewater Wireless To Power Smart Retail Tech
The Kroger Co. is collaborating with Edgewater Wireless Systems Inc., which develops and commercializes technologies and intellectual property for the communications market, to enhance its in-store infrastructure with what it says is the next generation Wi-Fi platform, powered by Edgewater’s WiFi3 technology. Kroger says it is working to transform its business using advanced technology to create a more […]
Year In Review 2017: Top Stories In The Southeast
New competition—namely Lidl—garnered the most press in the Southeast edition this year. The merger of Amazon and Whole Foods Market also generated a good bit of speculation about what that might mean for the grocery industry. A number of top-level executive changes took place among the region’s grocers this year. Many also fine-tuned formats, undertook […]
Recommended: Kroger’s Battle Plan For Whole Foods, Amazon, Costco, Walmart And Aldi
To arm itself against competition from the merged Whole Foods/Amazon behemoth, Kroger has reshaped its strategy to make it leaner and more accessible, moves that will have a big impact on how you shop. There are plenty of challengers who’d like a piece of your food budget, but Kroger still dominates the Lexington grocery market. […]
Recommended: Kroger Is Challenging Amazon And Walmart In Advertising
When Amazon entered the grocery business with the acquisition of Whole Foods this year, it was thought to be a supermarket killer. The grocery business was already facing competition from general retailers like Walmart that operate on larger scales and offer lower prices, and invading European grocers like Aldi and Lidl, before the mammoth conglomerate […]
Kroger To Begin Offering Mobile Payment Through Chase Pay
The Kroger Co. is teaming up with Chase Pay—the digital engagement wallet from JPMorgan Chase & Co.—to offer mobile payments starting with select retail markets and e-commerce programs in 2018. Kroger says its payment solutions are a part of the Restock Kroger Plan, its strategy to create shareholder value by “redefining how America eats.” One of the key strategic […]
And Then There Were Two: Texas Now Has Dallas And Houston Kroger Divisions
Editor’s note: This is an excerpt from a Special Section honoring Kroger as our Southwest Retailer of the Year. See the complete story in the December edition of The Shelby Report of the Southwest. The Kroger Co. has served Texas grocery shoppers since 1958. In August 2015, Kroger split its Southwest division into two. Now there […]
Kroger Introduces Sustainable ‘Our Brands’ Floral Line
The Kroger Co. has introduced Bloom Haus, a sustainable Our Brands floral line launching in its family of stores in time for the holidays. The move comes as the company looks to enhance its Our Brands offerings as part of its Restock Kroger Plan. “Customers can always count on our professional florists to help them […]
Kroger Collaborating With Google Cloud To Accelerate Digital Initiatives
The Kroger Co. is expanding its cloud computing portfolio with Google Cloud Platform (GCP). “The adoption of Google Cloud Platform signals our commitment to positioning Kroger as an industry leader for digital programs such as ship-to-home and home delivery,” said Chris Hjelm, Kroger’s chief information officer. “Kroger Technology has been working to accelerate our ability […]
Meal Planning Service eMeals Debuts Vegan Plan
Meal planning service eMeals has launched a new Vegan Meal Plan that it says solves the “What’s for dinner?” dilemma with creative, plant-based, animal-free dinner menus that change on a weekly basis while also costing an average of $3.50 per serving—half the price of typical meal kits. Read more: eMeals Expands Online Ordering Fulfillment Options With […]
Kroger Hosts Natural Foods Summit, Launches Marketing Platform
The Kroger Co. on Oct. 12 hosted its first Natural Foods Innovation Summit in partnership with 84.51° (see story below), in Cincinnati, Ohio, with keynote speaker Joy Bauer, MS, RD, CDN. “Kroger is proud of the role we’ve played in making natural and organic products more affordable and accessible to America,” said Jill McIntosh, Kroger’s […]
Kroger Considers Sale Of C-Store Business Generating $4B In Sales
Kroger plans to explore strategic alternatives for its convenience store business, including a potential sale, as part of its Restock Kroger plan, which is designed to “redefine the food and grocery customer experience in America.” “Restock Kroger” is a review of assets that are potentially of more value outside of the company than inside. “Our convenience stores […]
Walmart, Trader Joe’s Lose Customers To Whole Foods After Price Cuts
Thasos Group, a data intelligence firm, has published a new research report, “Competitive Impact of Lower Prices at Whole Foods,” analyzing the number, composition and behavior of new customers at Whole Foods stores following significant price reductions in the wake of the chain’s acquisition by Amazon in August. Key findings of the report include: Foot […]
Kroger’s Atlanta Division Launches Breast Cancer Awareness Campaign
Kroger stores throughout the Atlanta division, which includes stores in Georgia, South Carolina and Eastern Alabama, are hosting a multi-faceted campaign to support Breast Cancer Awareness Month, helping to raise both awareness and funds for breast cancer screening, treatment and education. From through Oct. 29, customers are being invited to purchase pink paper ribbons for $1 […]
