The Kroger Co. is investing hundreds of millions of dollars in its Michigan stores in a bid to maintain and grow its top share of the local grocery market.
Investments are taking the shape of store expansions at sites in Rochester Hills and Canton Township and renovations this year at 10 area stores, including one in Birmingham set to reopen Friday after a four-month closure and remodel totaling $5.6 million. Cincinnati-based Kroger (NYSE: KR) is also looking to establish as many fuel centers as it can, adding to the 62 it operates near its 124 stores in Detroit, Ann Arbor, Flint and Lansing.
Its Howell store will have a new fuel center by Dec. 17, and another is set to open near its Roseville store at Gratiot and Frazho Road in January, weather permitting.
To read the rest of the story, please go to: Crain's Detroit Business