Content about The Kroger Co.

April 16, 2014

The Kroger Co. announced that Timothy Massa will be promoted to group VP human resources and labor relations.

Cincinnati -- The Kroger Co. announced that Timothy Massa will be promoted to group VP human resources and labor relations.

Massa, 47, currently serves as VP of corporate human resources, talent development. In this expanded role, he will take responsibility for labor relations when Paul Heldman, executive VP, secretary and general counsel, retires in May.

April 2, 2014

The Kroger Co. is collaborating with EInfochips and Wincor-Nixdorf to introduce a new enterprise IT architecture called Retail Site Intelligence (RSI).

Cincinnati – The Kroger Co. is collaborating with EInfochips and Wincor-Nixdorf to introduce a new enterprise IT architecture called Retail Site Intelligence (RSI). The architecture uses uses ZigBee wireless mesh networks to integrate long battery life sensors, handheld devices, point-of-sale devices and video management software into a next-generation platform for retail applications such as loss prevention, store automation and analytics.

April 1, 2014

The Kroger Co. announced that senior VP Robert "Pete" Williams plans to retire in May after 37 years with the company.

Cincinnati -- The Kroger Co. announced that senior VP Robert "Pete" Williams plans to retire in May after 37 years with the company.

Williams, who began his Kroger career in 1977 as a management trainee, has served in his current role since 2007. Currently, he leads seven supermarket divisions. His replacement will be named.

March 13, 2014

The Kroger Co. said Thursday that it will buy back up to $1 billion of its shares.

Cincinnati -- The Kroger Co. said Thursday that it will buy back up to $1 billion of its shares. The repurchase program replaces its existing plan, which had roughly $2 million remaining.

Kroger also declared a regular quarterly dividend of 16.5 cents per share, payable June 1 to shareholders of record May 15.
During the last four quarters, Kroger has used its strong free cash flow to return more than $928 million to shareholders through share buybacks and dividends.  

March 6, 2014

The Kroger Co. earned a better-than-expected $422 million in its fourth quarter, down from $462 million in the year-ago period, which included an additional week of sales.

Cincinnati – The Kroger Co. earned a better-than-expected $422 million in its fourth quarter, down from $462 million in the year-ago period, which included an additional week of sales. The nation’s largest supermarket operator issued a better-than-expected profit for the year ahead.

February 11, 2014

The Kroger Co. announced it has purchased the assets of YOU Technology Brand Services, the Silicon Valley-based provider of digital coupons and promotions.

Cincinnati -- The Kroger Co. announced it has purchased the assets of YOU Technology Brand Services, the Silicon Valley-based provider of digital coupons and promotions. Financial terms of the transaction were not disclosed.

January 29, 2014

The Kroger Co. said it has completed its acquisition of Harris Teeter Supermarkets for about $2.5 billion. Under the terms of the merger agreement, Harris Teeter shareholders will receive $49.38 per share of Harris Teeter common stock.

Cincinnati -- The Kroger Co. said it has completed its acquisition of Harris Teeter Supermarkets for about $2.5 billion. Under the terms of the merger agreement, Harris Teeter shareholders will receive $49.38 per share of Harris Teeter common stock.

January 21, 2014

The Kroger Co. has promoted two veteran company executives. Jay Cummins has been named president of the Smith's Food and Drug Stores division and Joe Fey has been named president of Kroger's Mid-Atlantic division.

Cincinnati – The Kroger Co. has promoted two veteran company executives. Jay Cummins has been named president of the Smith's Food and Drug Stores division and Joe Fey has been named president of Kroger's Mid-Atlantic division.

Cummins, 62, has been serving as president of Kroger's Mid-Atlantic division. He succeeds Mark Tuffin, who was named senior VP of retail divisions in December 2013.

January 20, 2014

The Federal Trade Commission (FTC) has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) with respect to the pending merger transaction between The Kroger Co. and Harris-Teeter Supermarkets, Inc.

Cincinnati – The Federal Trade Commission (FTC) has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) with respect to the pending merger transaction between The Kroger Co. and Harris-Teeter Supermarkets, Inc. The early termination of the HSR waiting period satisfies one of the conditions to the closing of the pending merger, which remains subject to other customary closing conditions.

November 19, 2013

The Kroger Co. announced its succession plan for secretary and general counsel.

Cincinnati -- The Kroger Co. announced its succession plan for secretary and general counsel.

Paul W. Heldman, 62, a 31-year Kroger veteran who has been serving as the company's general counsel since 1989, secretary since 1992, and executive VP since 2006, will retire in the spring of 2014.

October 17, 2013

The Kroger Co. named Michael L. Ellis, senior VP of retail divisions, as president COO effective January 1, 2014, completing the succession plan announced in September.

Cincinnati -- The Kroger Co. named  Michael L. Ellis, senior VP of retail divisions, as president COO effective January 1, 2014, completing the succession plan announced in September.

In September, Kroger announced that chairman and CEO David B. Dillon will retire as CEO on January 1, 2014, and will continue to serve as chairman through December 31, 2014. He will be succeeded by W. Rodney McMullen, Kroger's president and CO, effective January 1, 2014.

October 3, 2013

Shareholders of Harris Teeter Supermarkets on Thursday voted overwhelmingly to approve the previously announced merger with The Kroger Co.

Matthews, N.C. -- Shareholders of Harris Teeter Supermarkets on Thursday voted overwhelmingly to approve the previously announced merger with The Kroger Co.
 
Under the terms of the agreement, Harris Teeter shareholders will receive $49.38 per share in cash for each share of Harris Teeter common stock that they own.

Upon closing of the transaction, Harris Teeter’s common stock will no longer be publicly traded and Harris Teeter will be a wholly owned subsidiary of Kroger.
 

September 27, 2013

The Kroger Co. today announced its inaugural listing on the Dow Jones Sustainability Index-North America.

Cincinnati -- The Kroger Co. today announced its inaugural listing on the Dow Jones Sustainability Index-North America.

The Dow Jones Sustainability Index-North America tracks the economic, environmental and social sustainability performance of the top 20% of the 600 largest North America-based companies in the Dow Jones Global Total Stock Market Index.

September 27, 2013

The Kroger Co. has promoted Steve McKinney to president of the Fry's Food Stores division.

Cincinnati -- The Kroger Co. has promoted Steve McKinney to president of the Fry's Food Stores division. Fry's operates 119 food stores in Arizona.

McKinney, 57, has been VP of operations at the company's Ralphs division since 2007. He succeeds Jon Flora, who passed away unexpectedly two weeks ago.

September 20, 2013

David B. Dillon will step down as CEO of The Kroger Co. effective Jan. 1, 2014.

Cincinnati – David B. Dillon will step down as CEO of The Kroger Co. effective Jan. 1, 2014. Dillon, 62, is a 37-year Kroger veteran who has been serving as CEO since 2003; he will remain chairman of the board.

September 3, 2013

The Kroger Co. will stop providing health insurance benefits for spouses on January 1, 2014, according to a recent agreement with several unions, Indiana Public Media reported.

New York -- The Kroger Co. will stop providing health insurance benefits for spouses on January 1, 2014, according to a recent agreement with several unions, Indiana Public Media reported.

August 22, 2013

In a pilot at its Matthews, N.C. store, Harris Teeter, which was recently acquired by The Kroger Co., is using Paydiant's white label mobile wallet solution as part of its Express Lane online shopping service in Matthews, N.C., beginning this month.

Wellesley, Mass. -- In a pilot at its Matthews, N.C. store, Harris Teeter, which was recently acquired by The Kroger Co., is using Paydiant's white label mobile wallet solution as part of its Express Lane online shopping service in Matthews, N.C., beginning this month. The deployment allows the Express Lane customers to use the Harris Teeter mobile wallet called “HT Express Pay” to pay for groceries ordered online. Payment will occur from within a customer’s vehicle at Express Lane curbside pick-up locations.

July 9, 2013

The Kroger Co. has reached an agreement to purchase all outstanding shares of Harris Teeter Supermarkets for $49.38 per share in cash, or about $2.5 billion.

Cincinnati -- The Kroger Co. has reached an agreement to purchase all outstanding shares of Harris Teeter Supermarkets for $49.38 per share in cash, or about $2.5 billion. Kroger will finance the transaction with debt and also assume about $100 million of debt from Harris Teeter.

Harris Teeter operates 212 stores in North Carolina, Virginia, South Carolina, Maryland, Tennessee, Delaware, Florida, Georgia and the District of Columbia primarily in the Carolinas. The company had revenues of approximately $4.5 billion for fiscal year 2012.

June 21, 2013

The Kroger Co. announced the establishment of two new supermarket divisions, a Nashville division and a Louisville division.

CINCINNATI -- The Kroger Co. announced the establishment of two new supermarket divisions, a Nashville division and a Louisville division.

"Opportunities for growth in Tennessee, northern Alabama, Kentucky, and Southern Illinois and Indiana inspired us to take this path," said Rodney McMullen, Kroger's president and chief operating officer. "We believe this move will enable our associates to do what they do best – meet the needs of our local customers and neighbors, our communities, and each other."
   

June 20, 2013

The Kroger Company reported better-than-expected net income of $481 million during the first quarter of this year, up nearly 10% from $439 million in the first quarter of 2012.

Cincinnati -- The Kroger Company reported better-than-expected net income of $481 million during the first quarter of this year, up nearly 10% from $439 million in the first quarter of 2012. The company also raised its forecast for annual earnings.

Total sales increased 3.4% from $29.1 billion to $30 billion and a 3.3% increase in same-store sales beat analyst projections of a 2.8% increase.

May 15, 2013

The Kroger Co. unveiled a clean energy production system that will convert food that can't be sold or donated into clean energy to help power its Ralphs/Food 4 Less distribution center in Compton, Calif.

Los Angeles -- The Kroger Co.  unveiled a clean energy production system that will convert food that can't be sold or donated into clean energy to help power its Ralphs/Food 4 Less distribution center in Compton, Calif.

April 8, 2013

ECOtality and The Kroger Co. announced an expanded partnership including over 200 level 2 (quick charge) charging stations, and 25 DC Fast Chargers, to be installed across key markets through the EV Project.

Cincinnati -- ECOtality and The Kroger Co. announced Monday an expanded partnership including over 200 level 2 (quick charge) charging stations, and 25 DC Fast Chargers, to be installed across key markets through the EV Project.

The multimillion-dollar expansion will bring the total number of Blink chargers in the Kroger system to almost 300.

March 7, 2013

The Kroger Co. reported a better-than-expected profit for its fourth quarter profit amid a surge in sales.

Cincinnati -- The Kroger Co. on Thursday reported a better-than-expected profit for its fourth quarter profit amid a surge in sales.

For the period ending Feb. 2, Kroger earned $461.5 million, compared to the year ago period when the company reported a loss of $306.9 million as pension costs dragged down results.

Revenue rose 12.8% to $24.2 billion. Same-store sales increased 3% for the quarter, excluding fuel. After adjusting for the extra week in the fourth quarter, total sales increased by 3.7% over the fourth quarter of fiscal 2011.

February 5, 2013

The Kroger Co. announced the promotion of Jeff Burt as president of the company's Central division. Kroger's Central Division operates 136 food stores primarily in Indiana and Illinois.

Cincinnati -- The Kroger Co. announced the promotion of Jeff Burt as president of the company's Central division. Kroger's Central Division operates 136 food stores primarily in Indiana and Illinois.

Burt, 50, has been group VP of perishables merchandising and procurement since 2010. He succeeds Bob Moeder, who recently announced his plans to retire this spring.

December 14, 2012

The Kroger Co. announced the promotion of Lynn Gust as president of the company's Fred Meyer Stores division. Gust, 59, has been senior VP operations since 2011.

Cincinnati -- The Kroger Co. announced the promotion of Lynn Gust as president of the company's Fred Meyer Stores division. Gust, 59, has been senior VP operations since 2011.

“Lynn's long history with Fred Meyer and deep knowledge of our business will serve our customers well,” said Rodney McMullen, president and COO of Kroger. “His passion for our employees and customers make him a great fit to carry on the Fred Meyer tradition.”