Cincinnati, Ohio-based The Kroger Co. has published the first installment of “Sharing What We’ve Learned: A Blueprint for Businesses” to provide actionable recommendations for retailers, restaurants and food service companies, manufacturers, logistics and distribution centers and other industries to consider as they start crafting plans for safe work environments while the Covid-19 risk persists. “With nearly 2,800 grocery […]
Tag: Rodney McMullen
Posted inDeli News, Corporate Store News, Food Service News, Grocery Store Equipment, Grocery Store Layout, Home Page Latest News, Midwest
Kroger Opens Two-Level Store In Cincinnati With First-Ever Food Hall
On Sept. 25, The Kroger Co. opened a new, 52,000-s.f., two-level urban-format store in downtown Cincinnati, offering the grocer’s first-ever food hall, named On The Rhine Eatery. The experience features Cincinnati eateries Django Western Taco, Dope! Asian Street Fare, Eli’s BBQ and Queen City Whip, as well as Kitchen 1883 Café and Bar, Kroger’s American […]
Posted inNational, Corporate Store News
Kroger Second Quarter Sales Up Slightly From Year Ago
On Sept. 12, The Kroger Co. reported results for its second quarter ended Aug. 17 and provided a Restock Kroger progress update on the Cincinnati-based company’s three-year transformation plan. Total company sales were $28.2 billion in the second quarter, compared to $28 billion for the same period last year. Excluding fuel, dispositions and merger transactions, […]
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Kroger, Ocado Break Ground On 2nd High-Tech CFC, In Florida
The Kroger Co. and Ocado broke ground July 24 on America’s second customer fulfillment center (CFC), located in Groveland, Florida—a new market for the retailer. “Kroger is excited to enter Florida to redefine the customer experience through our industry-leading partnership with Ocado,” said Rodney McMullen, Kroger’s chairman and CEO. “There’s a substantial demand for Kroger products and services in […]
Posted inMidwest, Corporate Store News, Home Page Slider, Industry News
Kroger Reaches Goals In First Year Of Transformation Plan
The Kroger Co. says it met several goals in 2018, the first year of its three-year transformation plan. Among the 2018 accomplishments, Kroger said it achieved 2018 FIFO operating profit and free cash flow goals, grew digital sales 58 percent, achieved more than $1 billion in cost savings, beat profit stream goals in media and […]
Posted inHome Page Slider, Corporate Store News, Industry News, National, Store News, Supply Chain News
Kroger And Ocado Add Two More Sites For High-Tech Customer Fulfillment Centers
The Kroger Co., America’s largest grocery retailer, and Ocado, one of the world’s largest dedicated online grocery retailers, have selected Central Florida and the Mid-Atlantic as the newly-named regions for their next two customer fulfillment centers (CFC). “Kroger is excited to partner with Ocado—one of the most innovative, advanced companies in the world—to redefine the […]
Posted inOnline Grocery Technology, Executive News, Home Page Slider, Industry News, Marketing News, National, Sustainability News
Kroger CEO Outlines Five Predictions For The Future Of Retail
The Kroger Co. Chairman and CEO Rodney McMullen provided his outlook on the future of retail at NRF 2019 in New York City during a keynote presentation themed “Restocking the future: Kroger’s insatiable appetite to play and win the long game.” CNBC “Squawk on the Street” and “Closing Bell” anchor Sara Eisen moderated the 30-minute conversation on Sunday. Here are […]
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Kroger Releases 3Q Earnings Report, Continuing ‘Restock’ Investments
The Kroger Co. today reported GAAP net earnings of $317 million, or $0.39 per diluted share, in the third quarter of 2018, which ended on Nov. 10. Kroger’s third quarter adjusted operating net earnings were $394 million, or $0.48 per diluted share. The 2018 third quarter adjustment item relates to the change in the market […]
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Kroger Net Earnings Top $500 Million In 2Q
The Kroger Co. is reporting net earnings of $508 million, or $0.62 per diluted share, for the second quarter of 2018, which ended on Aug. 18. Kroger’s second quarter adjusted net earnings were $336 million, or $0.41 per diluted share. Net earnings for the second quarter of 2017 were $353 million, or $0.39 per diluted […]
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Kroger To Phase Out Single-Use Plastic Bags By 2025
The Kroger Co. on Aug. 23 announced it will phase out single-use plastic bags and transition to reusable bags across its family of stores by 2025. Seattle-based QFC will be the company’s first retail division to phase out plastic bags, and Kroger expects QFC’s transition to be completed in 2019. “As part of our Zero Hunger […]
Posted inSustainability News, Corporate Store News, Home Page Latest News, Industry News, Midwest, Store News
Kroger Releases 12th Annual Sustainability Report
The Kroger Co. has released its 12th annual sustainability report detailing the company’s progress on its “Zero Hunger | Zero Waste” social impact plan as well as its 2020 sustainability goals. “Kroger associates achieved incredible progress on our business strategy and sustainability journey in 2017. We launched our three-year Restock Kroger plan, engaged more deeply with our Purpose: To Feed the […]
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Kroger’s First Quarter Results Beat Expectations, Net Earnings Up
The Kroger Co. is reporting net earnings of $2.0 billion, or $2.37 per diluted share, in the first quarter of 2018, which ended on May 26. Kroger’s first quarter adjusted net earnings were $626 million, or $0.73 per diluted share. Net earnings for the first quarter of 2017 were $303 million, or $0.32 per diluted […]
Posted inOnline Grocery Technology, Corporate Store News, Home Page Latest News, Industry News, Midwest, Store News, Sustainability News
Kroger CEO Expresses Optimism In Letter To Shareholders
In the company’s annual letter to its shareholders, Kroger Chairman and CEO Rodney McMullen voiced his confidence in Kroger’s future, thanks in large part to the retailer’s Restock Kroger plan. “We have the scale, data, physical assets and human connection to win with our customers today and into the future,” he wrote. “We are energetically […]
Posted inCorporate Store News, Aldi, Amazon Fresh, Costco Wholesale, Home Page Latest News, Midwest, Recommended Reading, Shelby Content, Store News, Whole Foods
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. […]