Retailers/Kroger/News

Kroger news

15 March 2016
The Apollo Group has agreed to buy premium focused retailer, The Fresh Market for $1.4bn. The deal comes after months of strategic review There has been much speculation over the buy out of the retailer, with Kroger reported to be one of many interested in the chain. The Fresh Market announced in October 2015 that it was undertaking a review of its strategic options and that this could ...
10 March 2016
We highlight the top five themes, following Kroger's recent FY results announcement. 1. Kroger expects sales growth of 2.5-3.5% in 2016 With lower inflation and the merger with Roundy's, same store sales are forecast at 2.5-3.5% in 2016, compared to 5% in 2015. This modest forecast may have raised concerns with some investors, but is still a strong indication of growth in a difficult mar...
04 March 2016
Q4 same store sales increased by 3.9%, excluding fuel, the 49th consecutive quarter of growth for the retailer. For the full year, sales were $109.8bn including the acquisition of Roundy's and fuel, a 1.3% increase on last year. Q4 sales slightly lower than expected Sales growth in Q4 was slightly below expectations. Kroger attributes this to the weather conditions varying significantly f...
24 February 2016
Aldi will open its first stores in Southern California next month as part of a broader development strategy focused on the region. Among a range of competitors will be sister company, Trader Joe’s. Will support plans to reach 2,000 stores by 2018 Aldi will open eight stores simultaneously on March 24, the first of 45 which are expected to open in Southern California this year. The retailer...
16 February 2016
We highlight the five trends set to shape the grocery sector in the US and Canada this year. 1. Format reinvention Our key trend to watch this year is ‘format reinvention’. We expect to see a number of new concepts enter the market, with a particular focus on the supermarket format. Over the last year, retailers in North America have been channelling increased levels of investment into this...
11 February 2016
Having acquired Roundy’s in late 2015, and Harris Teeter in 2014, Kroger is reported to be in the running to acquire The Fresh Market. How does this deal fit with Kroger’s approach to acquisitions? Exploring strategic alternatives Reuters has reported that Kroger is one of a number of retailers which is engaged in the second round of bidding for The Fresh Market. The Fresh Market announced...
05 February 2016
Highlighted at the beginning of the year as one of our formats to watch, Kroger has opened its new 'fresh focused' store, under the banner of Main & Vine. Different direction for the retailer The new store, which has opened in the Seattle area, has been designed with a focus on fresh, affordable local produce and meat, local beer and wine and freshly prepared foods. While the retailer ...
25 January 2016
We take a look at how Kroger is creating value for its customers through developing a more personalised approach. The personalisation trifecta Speaking at the NRF Retail’s Big Show in New York earlier this month, Kroger’s VP of Digital Business, Matt Thompson, outlined how the retailer is combining big data and new technologies with customer science to advance its personalisation strategy, ...
03 January 2016
While 2015 saw a number of new formats launch in the US, including smaller concepts from Ahold and Delhaize, the year ahead promises to be equally active. Here’s our pick of the key developments to watch. 1. 365 by Whole Foods Market The most eagerly anticipated new format in 2016 is ‘365 By Whole Foods Market’. A smaller store concept, it is expected to operate with a lower cost structure...
04 December 2015
Kroger delivers its 48th consecutive quarter of positive same store sales growth, with revenue totalling US $25.1bn for the quarter. Increased forecast for full year sales Excluding fuel, same store sales in the quarter grew by 5.4% with net earnings up 18.2% to US $428m, from US $362m in the same period last year. This success is seen across the retailer, with all geographies and superm...