CINCINNATI — Kroger Co. has reached an agreement to sell its Turkey Hill food manufacturing business to an an affiliate of Peak Rock Capital. The deal calls for the Peak Rock Capital affiliate to continue operating Turkey Hill, which produces a full line of popular iced teas, fruit drinks, milk, frozen dairy treats and a
GROVELAND, Fla. — Kroger Co. and U.K.-based online grocer Ocado on Tuesday identified this central Florida city as the site of a new 375,000-square-foot customer fulfillment center. Construction is slated to start later this year, with an opening date of 2021. Kroger and Ocado intend to build 20 such facilities over the next few years,
CINCINNATI — Kroger Co. on Thursday reported fiscal fourth quarter net income of $259 million, down from $854 million a year earlier, as investments weighed on profits. Net sales for the quarter ended February 2 declined 9.5% to $28 billion. When adjusted for factors including an extra week in 2017, divestiture of its convenience stores
CINCINNATI — Kroger Co. and Ocado said Tuesday that their next two customer fulfillment centers will be located in central Florida and in the Mid-Atlantic region. “Kroger is excited to partner with Ocado — one of the most innovative, advanced companies in the world — to redefine the grocery shopping experience for customers along the
CINCINNATI — Kroger Co. and Home Chef has introduced retail meal kits to new cities, bringing the weekly rotating meal solution to 500 additional Kroger Family of Stores across the country. Additionally, homechef.com has launched a customizable meal kit feature for online orders, allowing customers to have more flexibility in deciding what’s for dinner by providing the choice
CINCINNATI — Kroger Co. said its chief digital officer, Yael Cosset, will assume the role of chief information officer on May 1, ahead of the planned retirement of Christopher Hjelm, who has held the position since 2005. Hjelm is relinquishing his CIO duties on August 1, but he plans to continue serving as executive vice
LOS ANGELES — Ralphs, a subsidiary of Kroger Co., has promoted Kendra Doyel to vice president of merchandising, effective February 3. She will report to Mike Murphy, president of the Ralphs division. Doyel succeeds Victor Smith, who was recently promoted to president of Kroger’s Delta division. Doyel joined the company in 1998 as a pharmacist in the
CINCINNATI — Kroger Co. chairman and chief executive officer Rodney McMullen provided his outlook on the future of retail at the NRF 2019: Retail’s Big Show in New York City during a keynote presentation called “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
CINCINNATI — Kroger Co. has announced a succession plan for chief financial officer Mike Schlotman. Schlotman, Kroger’s CFO since 2000, has decided to retire from the company at the end of 2019. The succession plan calls for him to continue in his current role through the end of Kroger’s fiscal year on February 2, and
CINCINNATI — Kroger Co. and Microsoft on Monday announced a collaboration to test new technologies to improve the customer experience by making it easier to find and purchase items in grocery stores. The companies are unveiling pilot stores near their respective headquarters, in Ohio and Washington, featuring smart shelves with digital displays that update prices
SCOTTSDALE, Ariz. — Kroger Co. said Tuesday that it has begun making grocery deliveries here using unmanned vehicles. Working with Silicon Valley startup Nuro, Kroger has been making grocery deliveries in Scottsdale, Ariz., using self-driving Prius cars. In that pilot program, which began in August, a person would be present in the car that was making deliveries
CINCINNATI — Kroger Co. and Inmar have launched a new strategic relationship to drive innovation in digital offer management. The relationship includes the sale to Inmar of You Technology, a digital coupon and digital rebate publishing unit owned by Kroger, in conjunction with a long-term services agreement with Inmar for the continued delivery of digital offer management