NORWALK, Conn. — Competition among retailers for the top spot on this year’s PoweRanking list was closer than ever before, according to Kantar Retail, which said that Walmart and Kroger Co. finished in a virtual tie for first place. The 2016 edition of Kantar’s PoweRanking list showed PepsiCo and Coca-Cola Co. as the leaders among
CINCINNATI — Kroger Co. on Friday reported net income of $383 million for its second quarter, a decline of 12% from a year ago. The supermarket operator cited changes to its employee pensions as a key factor in the results, which were also hurt by falling prices for products such as meat, milk and eggs.
CINCINNATI — Kroger Co. recently announced management changes at several of its divisions, most notably the pending retirement of Bob Mariano, chief executive officer of Kroger’s Roundy’s division and the creator and namesake of the Mariano’s grocery chain in the Chicago area. Mariano, 66, is set to retire September 1, but he will serve as
CHICAGO — IRI says it has reached a long-term agreement with Kroger Co. to be the supermarket chain’s preferred partner for market measurement services. These services will provide Kroger and its supplier partners a common view of their business performance compared to the rest of the market, according to IRI, which said that its Liquid
CINCINNATI — Boosting its presence in the fast-growing specialty pharmacy arena, Kroger Co. has unveiled a deal for its Axium Pharmacy Holdings Inc. subsidiary to acquire Modern HC Holdings Inc., the parent of pharmacy services operator ModernHEALTH. Financial terms of the agreement weren’t disclosed. Plans call for Axium and ModernHEALTH to operate as a combined
CHICAGO — Bob Mariano, the CEO of Kroger Co.’s Roundy’s division and the creator and namesake of the Mariano’s grocery chain in the Chicago area, is set to retire on September 1. Mariano, who joined Kroger when that company acquired Roundy’s in November for $800 million, plans to stay on as a strategic advisor for
CINCINNATI — Kroger Co. announced Tuesday that it has promoted Valerie Jabbar to Ralphs division president. She will assume the post effective July 23, which is when current Ralphs president Donna Giordano will retire from the company after 44 years of service. Jabbar currently serves as vice president of merchandising for Ralphs. “Valerie is an exceptional
CINCINNATI — Kroger Co. on Thursday said its first quarter profit increased nearly 10% to $680 million, or 70 cents per share, on a 2.4% rise in same-store sales, excluding fuel. “We are very pleased with a solid quarter during which we continued to strengthen our connection with customers and expand our ClickList offering to more customers
CINCINNATI — Kroger Co. has promoted Dennis Gibson to president of the company’s King Soopers division, effective July 1. He replaces Russ Dispense, who recently announced his retirement after 51 years of service. Gibson has been serving as president of the company’s QFC division based in Seattle since 2014. “Dennis is a proven executive whose
CINCINNATI — In his annual letter to Kroger Co. stockholders, chairman and chief executive officer Rodney McMullen characterized 2015 as a “triple crown” year, a baseball reference to the relatively rare instance in which a player leads his league in three offensive categories: batting average, home runs and runs batted in. In Kroger’s case, the
CINCINNATI — Kroger Co. at the beginning of this month announced a strategic partnership with Lucky’s Market of Longmont LLC, a specialty grocer focused on natural, organic and locally grown food. Financial terms were not disclosed but, in a statement announcing the deal, Kroger characterized its investment in Lucky’s as “meaningful” and said the cash
CINCINNATI — Kroger Co. last month announced it had promoted two executives to the role of division president. Michael Marx, who had served as vice president of people operations for Kroger, became president of the Wisconsin division of Roundy’s. Don Rosanova, who had been serving as executive vice president of operations at Roundy’s, is now