CINCINNATI — Kroger Co. on Thursday reported fiscal fourth quarter net income of $259 million, down from $854 million a year earlier, as investments weighed on profits. Net sales for the quarter ended February 2 declined 9.5% to $28 billion. When adjusted for factors including an extra week in 2017, divestiture of its convenience stores
CINCINNATI — Kroger Co. announced its technology leadership succession plans in support of Restock Kroger. Christopher Hjelm, executive vice president and chief information officer, will be succeeded by Yael Cosset, Kroger’s chief digital officer, effective May 1, 2019. Hjelm will remain executive vice president, reporting to chairman and chief executive officer Rodney McMullen, until his retirement on August
NEW YORK — Kroger Co. chairman and chief executive officer Rodney McMullen provided his outlook on the future of retail at the NRF 2019: Retail’s Big Show here during a dynamic keynote presentation themed Restocking the future: Kroger’s insatiable appetite to play and win the long game. CNBC “Squawk on the Street” and “Closing Bell” Anchor Sara Eisen moderated
CINCINNATI — Kroger Co. and Microsoft Corp. today announced a collaboration to redefine the customer experience using Kroger Technology products powered by Microsoft Azure, the retailer’s preferred cloud platform for Retail as a Service (RaaS). Through this innovative partnership, Kroger will pilot a connected store experience and together with Microsoft, jointly market a commercial RaaS product to
CINCINNATI — Kroger Co. and Ocado announced the Cincinnati region as its selection for America’s first customer fulfillment center (CFC). “Kroger is joining with the best partners in the world to co-innovate and leverage technology to redefine the customer experience,” said Rodney McMullen, Kroger’s chairman and chief executive officer. “We are incredibly excited to partner with Ocado
DEERFIELD, Ill. – Kroger Co. and Walgreens are teaming up to work on an exploratory pilot program with a new format and concept that combines Kroger’s role as America’s grocer and food authority with Walgreens global expertise in pharmacy, health and beauty. The two retail leaders have selected 13 Walgreens stores in Northern Kentucky, near
CINCINNATI — Kroger Co.’s Atlanta division president Bruce Lucia has announced his plans to retire, and the company has promoted Tim Brown, currently Cincinnati/Dayton division president, to succeed him. Additionally, Michigan division president Scott Hays has been promoted to president of the Cincinnati/Dayton division. Lucia, after 44 years of service, will step down September 1. “In his more than 40 years with Kroger, Bruce has
CINCINNATI — Kroger Co. posted a $2 billion profit in its first quarter, largely on a windfall from the sale of its convenience stores. On the operations side of the business, online sales jumped 66% as overall sales rose 3.4% to $37.5 billion. Comparable-store sales increased 1.4% in the period ended May 26. Kroger raised
CINCINNATI — Kroger Co. has named Mike Donnelly as executive vice president and chief operating officer. The supermarket giant said Tuesday that Donnelly, currently executive vice president of merchandising, will start in the new post on Nov. 1. In the role, he will assume responsibility for both operations and merchandising. Donnelly succeeds Fred Morganthall, who
CINCINNATI — Kroger Co. has promoted Valerie Jabbar to division president of the Ralphs food and drug chain. Plans call for Jabbar to assume the post effective July 23, which is when current Ralphs president Donna Giordano will retire from the company after 44 years of service. Jabbar currently serves as vice president of merchandising for
CINCINNATI — Mary Ellen Adcock has been promoted to group vice president of retail operations at The Kroger Co. The food and drug retailer said Wednesday that Adcock, currently vice president of operations for Kroger’s Columbus division, assumes the new position on May 16. She succeeds Marnette Perry, whose retirement was previously announced. “Mary Ellen brings
CINCINNATI — Lynn Gust is retiring from his post as president of Kroger Co.’s Fred Meyer Stores division and will be succeeded by Jeff Burt, president of Kroger’s Central division. Kroger said Tuesday that Gust is slated to retire effective Jan. 31. Based in Portland, Ore., Fred Meyer offers one-stop shopping, including pharmacies, at 132
CINCINNATI — Kroger Co. plans to acquire food and drug retailer Roundy’s Inc. in a deal valued at about $800 million. Kroger said Wednesday that under the agreement it will buy all outstanding shares of Roundy’s for nearly $178 million in cash, or $3.60 per share, and assume Roundy’s $646 million in debt. Unanimously approved
CINCINNATI — Kroger Co. has named four executive vice presidents to lead key parts of its business. Mike Donnelly is now EVP of merchandising, Chris Hjelm is EVP and chief information officer, Fred Morganthall is EVP of retail operations, and Mike Schlotman is EVP and chief financial officer. “This new organizational structure will help Kroger
