Grocery makes changes to focus on essentials

Kroger is making changes in its stores, effective immediately, to help shoppers get the basics they need and prevent the spread of coronavirus. The company invited WCPO’s cameras into its Downtown Cincinnati store on Wednesday to show us the changes it is making throughout the chain. Spokeswoman Erin Rolfes said [...]

2020-03-19T16:07:33+00:00March 19th, 2020|Tags: , |

Kroger ends fiscal 2019 on positive note

Volatile is an apt description of the Kroger Co.’s financial performance during fiscal 2019. Costs pressured earnings earlier in the year, but the retailer managed to improve its performance in the fourth quarter. Fourth-quarter net income for the period ended Feb. 2 rose to $327 million, equal to 40¢ per [...]

2020-03-06T17:23:06+00:00March 6th, 2020|Tags: |

Kroger Delta Division, UFCW Forge New Labor Agreement

The Kroger Co.’s Delta division and United Food and Commercial Workers Union (UFCW) Local 1529, based in Cordova, Tenn., have come to new labor agreement, according to a published report. The agreement covers more than 9,000 workers in west Tennessee, Mississippi, and northwest Arkansas, the Memphis Business Journal reported, adding that [...]

2020-01-16T17:28:23+00:00January 16th, 2020|Tags: , |

Kroger exits Lucky’s Market investment

Kroger has divested its stake in Lucky’s Market after three years, the Cincinnati-based grocer announced Wednesday. The move incurred a non-cash impairment charge of $238 million in the third quarter, with Kroger responsible for $131 million of that charge. CEO Rodney McMullen said the decision followed a review of the [...]

2019-12-12T00:29:45+00:00December 12th, 2019|Tags: , |

Kroger’s Decline

Early in 2019, Kroger’s was listed by a top retail research firm as the fourth-largest grocer in the world. Yet, the year that began with such a proud status, has seen the brand endure a difficult period in the US. The company announced plans to lay off hundreds of employees [...]

2019-10-28T23:44:05+00:00October 28th, 2019|Tags: |