Retailers/Kroger/News

Kroger news

12 October 2017
With tough market conditions and sales growth slowing in the recent year, Kroger has launched its new strategic plan, with a key focus on its customers and the role technology will play. Redefining the food and customer experience The new plan is called 'Restock Kroger' and addresses the needs of a rapidly shifting marketplace. Kroger believes it is uniquely positioned to win with its custo...
05 October 2017
New figures released by IGD reveal that online grocery will be the fastest growing channel in the US over the next five years. Channel set to hit $34.7bn by 2022 The online grocery channel is forecast to increase from $15.1bn in 2017 to $34.7bn in 2022, an increase of $19.6bn, with a CAGR of 18.1%. The online channel is developing at pace in the US and although many leading retailers have o...
28 September 2017
Kroger has launched a new program to encourage local and regional brands to partner with it. Growing the number of local suppliers With a presence in 35 states across the US, Kroger is looking to increase the number of regional products in its stores. It has launched a new website, Kroger.com/WeAreLocal, inviting local and emerging brands to sign up and partner with it. Kroger already carri...
20 September 2017
Following its announcement that it is entering the restaurant business, we look at how Kroger is developing its food-to-go credentials. Full scale restaurant a new venture Its first standalone restaurant concept, Kitchen 1883, will open in October and if successful will be expanded. Located alongside a new Kroger Marketplace store, the restaurant will offer a fresh take on American comfort ...
11 September 2017
Same store sales grew by 0.7% excluding fuel, whilst profit fell due to investments in pricing. Sales up but profit down Sales were up 3.9% to $27.6bn in Q2, exceeding the $27.5bn forecast. However, profit margins fell as Kroger cut prices amidst growing competition in the sector. In response to all the activity in the market, investing in price cuts was considered necessary by Kroger, in o...
20 July 2017
Amazon US has released its meal-kit selection through its AmazonFresh grocery service, days after filing a trademark for the phrase: “ We do the prep. You be the chef”. Amazon meal kit selection includes 17 options Earlier this week, it was reported that Amazon had filed trademarks for a meal kit service with the slogan “ We do the prep. You be the chef” . They are now available through th...
13 July 2017
With the launch of Lidl in the US market, retailers have been re-evaluating their discount offers in an attempt to mitigate the threat from Lidl. Ruler Foods format expanding Kroger's dedicated discount format, Ruler Foods currently operates 48 stores across Illinois, Indiana, Kentucky, Missouri, Ohio and Tennessee. The stores are around the same size as Lidl's US stores (19,000 sq ft) and ...
26 June 2017
Kroger has added over 1,800 items to its private brands offer over the last 12 months as it aims to further differentiate its offer versus its peer group. Accounting for a quarter of sales Kroger’s private brands offer currently extends to over 30,000 items, many of which are produced at one of its 38 US-based production facilities. Last year, it sold 8.2bn units, representing around 28% of...
18 June 2017
Following the announcement of its Q1 sales for 2017, Kroger has announced its full year earnings will be around 9% lower than forecast, as it plans to increase its investment in pricing and service. Q1 performance impacted by deflation Same store sales fell by 0.2%, however this was partly due to continuing deflation in the market. Overall sales for the quarter increased by 4.9% including f...
17 May 2017
We round up some of the latest developments at Kroger and its areas of focus for 2017. Online and digital accelerating Kroger has been accelerating developments in this area. Its acquisitions of Harris Teeter, among others, has helped it to develop its capabilities and it has been rolling out its online pickup service, ClickList, rapidly. There are now more than 640 locations and this to co...