Krogering is about to get a lot easier in a key market for the grocery store operator.
Kroger (KR) – Get Free Report, the largest supermarket operator in the U.S., turned its name into a verb in a jingle to describe the shopping experience at its stores.
The giant retailer has come a long way since 1883, when Barney Kroger invested his life savings of $372 to open a store at 66 Pearl Street in downtown Cincinnati.
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He said his company, which has a $22.39 billion market cap, had worked for years under the assumption that the online retail giant would either establish its own grocery business or acquire a retail chain. The latter happened in 2017 when Amazon gobbled up Whole Foods. …
The Kroger Co. announced the retirement of Mark Tuffin, senior vice president of retail divisions, after more than 26 years of distinguished service, effective April 1. Tuffin will be succeeded by Kenny Kimball, currently president of the Smith’s division. …
“Kroger is incredibly excited to reach this meaningful milestone in our Restock Kroger vision to serve America through food inspiration and uplift,” said Rodney McMullen, Kroger’s chairman and CEO. “Our partnership with Ocado will introduce transformative ecommerce, fulfillment and logistics technology in the U.S. and bring customers fresher food faster than ever before, accelerating our ability to provide anything, anytime, anywhere.” …
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