Kroger news

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...
21 June 2013
US-based Kroger has announced first quarter results showing the retailer enjoyed identical supermarket sales growth, without fuel, of 3.3%, while total sales rose by 3.4% to US$30.0 billion. Sales growth demonstrates ‘progress… of long-term growth strategy’ Discussing the results, Kroger’s management team said its existing growth strategy underpinned its continuing sales strength. By focusi...
07 March 2013
Kroger’s fourth quarter sales increased by 12.8% to $24.2bn, or by 3.7% on an adjusted basis accounting for an extra trading week in 2012. Identical store sales (ex-fuel) increased by 3.0%. For the full year, total sales increased by 7.1% to $696.8bn, or 4.9% on an adjusted sales basis. Identical store sales increased by 3.5%. Solid performance but consumer confidence remains fragile Kr...
31 January 2013
With the 47th Superbowl taking place next Sunday, February 3rd, the major US grocery retailers are focusing this week on maximising the trading opportunities. As the largest sporting event in the US, and one of the largest globally, what are the key focus areas for the retailers? Game themed flyers used almost universally With weekly flyers a key promotional tool for retailers in the US , m...