US retail chains Kroger and Albertsons, currently ranked No. 1 and No. 2 largest supermarket retailers in the country, have announced that the companies are to merge. According to a Kroger press release, the merger will expand customer reach and improve proximity to fresh and affordable food to around 85 million households. Under the terms of the deal, Kroger will purchase the outstanding shares of Albertsons Companies, Inc, common and …
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Kroger
Kroger, one of US’s largest grocery retailers, has announced that they are opening a new Customer Fulfilment Centre in Dallas, Texas, powered by the Uk’s Ocado group. According to sources, the centre will utilise automated robotics technology to improve customer experience. It is part of Kroger’s delivery network, with more than 1,000 bots traversing a large grid, controlled by proprietary control systems. The grid, also called The Hive, contains cells …
Kroger, the leading US grocery retailer, has announced a partnership with plant-based food developer Impossible Foods to expand Kroger’s meat-free offering under the private label Home Chef brand, according to a Food Business News report. The Home Chef brand, which Kroger acquired in 2018, is said to encompass more than 500 products including ready meals, meal kits, and ready-to-eat products. Commenting on the partnership, Stuart W Aitken, chief merchandising and …
Kroger, the leading US grocery retailer, has announced it has divested its stake in Lucky’s Market, a Colorado-based chain of food stores specializing in organic products. The disposal comes less than four years after the two firms announced a “strategic partnership”, with Kroger making a “meaningful investment” that was designed to increase Lucky’s Market’s store footprint. The sale of the stake reportedly resulted in Kroger being hit with a $238 million impairment …
Kroger, the leading supermarket chain, is the latest US firm to move into the imitation meat space with the launch of a new plant-based line under its Simple Truth banner. The product line is said to include fresh meatless burger patties and grinds as well as plant-based cookie dough, pasta sauces, sausages, deli slices, dips and other items. In a press release Kroger said the launch was in response to …
Kroger, the US supermarket chain, has announced it has divested its Turkey Hill division to an affiliate of investment fund Peak Rock Capital for an undisclosed sum. Turkey Hill produces iced teas, fruit drinks, milk, frozen dairy desserts and a variety of ice cream products at adedicated manufacturing and distribution facility. As part of the sale agreement, the Peak Rock Capital affiliate will continue to operate the Turkey Hill business out …
US supermarket chain Kroger has announced that Home Chef meal kits are now being rolled out to more than 200 stores across the US Midwest. The announcement comes after Kroger acquired the Home Chef private meal kit company this summer. Robert Clark, senior vice president of merchandising at Kroger said: “We are excited to introduce Home Chef’s new retail meal kits to our store customers. Offering a rotating menu of recipes …
US supermarket retailer Kroger has announced a pilot project which will see it partnering with China’s Alibaba’s Tmall platform to sell Kroger’s own brands internationally. Kroger’s new online store will begin by selling selected products from the Simple Truth brand, which is said to be America’s largest natural and organic brand. The company added that the move was in accordance with its plan to “redefine the grocery customer experience by …
Kroger, the leading US supermarket business, has announced that it has sealed a partnership with UK grocery e-retailer Ocado in order to “accelerate Kroger’s creation of a seamless shopping experience for America’s families”. The firm said that the deal would bring the technology behind Ocado’s Smart Platform, which includes online ordering, automated fulfillment and home delivery capabilities, to the US for the first time. The deal will enable the company …
Kroger, the US grocery retailer, has announced it has reached an agreement to sell its convenience store business to UK forecourt retail firm EG Group for $2.15 billion. Kroger’s convenience store business operates in 18 states of the USA and includes 66 franchise operations. The stores employ 11,000 associates and operate under the names Turkey Hill, Loaf ‘N Jug, Kwik Shop, Tom Thumb and Quik Stop. Kroger’s convenience store business …
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