“Kroger’s weak claims are a deliberate tactic to distract from its own ongoing executive leadership issues; blatant and recurring failures to carry out its contractual obligations under the Merger Agreement."
As detailed in the court filing, while Kroger was working diligently to seek regulatory approval and close the merger, Albertsons was engaging in a secret and misguided campaign, together with C&S Wholesale Grocers.
Kroger's second layoff wave in a month follows nationwide non-store position cuts in February, though specific figures weren't disclosed.
Yael Cosset to lead as chief digital officer.
The retailer issued a conservative outlook for the fiscal year 2025, projecting earnings of $4.60 to $4.80 per share, below estimates. Its profit was $4.47 a share in the recently completed fiscal year.
Ronald Sargent appointed chairman of the board of directors and interim CEO.
Customers can score free Kroger Hour Back Box filled with Our Brands breakfast essentials and more.
Kennerley will join Kroger on March 10, while Todd Foley will remain interim CFO through Kroger’s fiscal year 2024 reporting cycle.
This partnership strengthens Kroger's commitment to accessible healthcare and affordable prescriptions.
As the wildfires rage in California, retailers are stepping up to support impacted communities and responders who are risking their lives to fight the fires. Among them are CVS Health, Walgreens, Kroger, Rite Aid and Amazon.
“Given the recent federal and state court decisions to block our proposed merger with Kroger, we have made the difficult decision to terminate the merger agreement.”
Revenue was hit by lower fuel prices as well as the sale of its specialty pharmacy business.
She succeeds Stuart Aitken, who will step down from his role as senior vice president and chief merchandising and marketing officer at the end of the year.
Pilot will evaluate measure concepts and data exchange in value-based arrangements.
