December 14, 2012 |
Wal-Mart Stores Inc., Ralph's owner Kroger Co. and Sara Lee parent Grupo Bimbo are all said to be in the running to buy up assets from liquidating Twinkies maker Hostess, according to a report this week. The companies, along with Midwest baked products distributor Alpha Baking Co., are bidding to pick up all or parts of Hostess, according to Bloomberg News . The report cites an anonymous source familiar with negotiations. “There are rumors about Wal-Mart all the time and we just don't comment on them,” said Wal-Mart spokesman Randy Hargrove in an email.
June 14, 2012 |
Shares of Kroger Co. rose the most in more than three years after the operator of Ralphs and Food 4 Less boosted its annual profit forecast and announced a $1-billion share buyback. The Cincinnati company's shares advanced 6.1% to $22.58, the biggest gain since March 2009. The shares have dropped 6.8% this year. Profit for the fiscal year ending Jan. 31 will be as much as $2.40 a share, up from a prior forecast of as much as $2.38, the company said Thursday. That compared with the $2.32 average that analysts expected in a Bloomberg survey.
March 28, 2012 |
The last thing a supermarket shopper wants to see is long lines and empty registers. Ten years ago, shoppers envisioned a day when radio-frequency identification tags would enable them to whisk shopping carts through a checkout without unloading them - or bypass the checkout lane and ring up groceries as they walked through the store. But RFID never got cheap enough for razor-thin grocery margins. And we're still stacking groceries on conveyor belts, a 19th-century invention.
March 22, 2012 |
Kroger Co., the nation's largest supermarket retailer, on Thursday joined the growing list of companies that have dropped the beef product widely referred to as pink slime from their fresh meat cases. Both Kroger and the Stop & Shop chain said they would no longer sell fresh meat containing the product, known by the industry as lean finely textured beef. On Wednesday, supermarket chains Safeway, Supervalu and Food Lion said they would stop selling fresh meat containing the product because of widespread consumer concerns in the wake of media reports.
June 16, 2011
Ralphs operator Kroger Co. rang up double-digit increases in fiscal first-quarter revenue and net income as the grocery chain's fuel stations and loyalty discounts helped draw more frequent shoppers when gasoline and food prices rose. The nation's largest traditional grocery operator now expects better results for the full year than earlier projected, even though U.S. economic improvement appears to be stagnating. That could help Kroger if people eat more meals at home instead of in restaurants and look for ways to manage spending because of high gas prices.
April 5, 2011 |
A huge Internet security breach that exposed countless names and email addresses also focused attention on an increasingly popular target for hackers: data firms that store customers' personal information for banks, retailers and other companies. Customers of as many as 50 firms, including JPMorgan Chase & Co., Kroger Co., TiVo Inc., Best Buy Co., Walgreen Co. and Capital One Financial Corp., found out over the weekend that their email addresses were exposed to hackers who had broken into the system of Epsilon Data Management, a Dallas company that provides online mail services to 2,500 companies.