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. 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 — Kroger senior vice president for retail operations and strategic initiatives Marnette Perry is planning to retire on April 29, after 44 years with the company. “Marnette’s story is one we can all be proud of: she joined Kroger for a job as a part-time cashier while in college, and stayed for a remarkable
CINCINNATI — Kroger Co. next month will debut a culinary-focused concept store outside Seattle. The Main & Vine format, opening in Gig Harbor, Wash., will emphasize produce, food preparation advice and high-quality ready-to-eat meals. The store will also feature an expanded selection of organic products. It will offer “fresh, affordable” local produce and meat, and
CINCINNATI – Kroger Co. has agreed to buy 151-store Roundy’s Inc. for some $800 million, including debt. Kroger will purchase all outstanding shares of Roundy’s for $3.60 per share, a premium of about 65% to its closing price on November 10. The deal, which is expected to close by year-end, was unanimously approved by the