Nestlé USA today announced that it will exit its company-owned frozen Direct-Store-Delivery (DSD) network for its Pizza and Ice Cream businesses and will transition to a warehouse model. This change will leverage the highly efficient warehouse network that Nestlé already uses for its frozen meals and snacks, which will enable the company to better meet […]
CINCINNATI — The Kroger Co. (NYSE: KR) today announced Kroger Technology has been named to Computerworld magazine’s Top 100 Best Places to Work in IT for 2019. For the third consecutive year, Kroger’s technology team has been recognized by the annual list for having an innovative, industry-leading workplace culture. This year, Kroger ranks 49th among […]
CINCINNATI — The Kroger Co. (NYSE:KR) and Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses, today announced the formation of PearlRock Partners, a new platform that will identify, invest in and help grow the next generation of leading consumer product brands. […]
CINCINNATI and AUSTIN, Texas — The Kroger Co. (NYSE: KR) today announced it has completed the sale of its Turkey Hill business to an affiliate of Peak Rock Capital. Kroger’s sale of the Turkey Hill business was for total consideration of $215 million. Kroger intends to use the after-tax cash proceeds from the sale to […]
HOUSTON — The Kroger Co. (NYSE: KR), America’s largest grocery retailer, and Nuro, the robotics company transforming local commerce, have launched their autonomous grocery delivery service in Houston, starting with the South Post Oak store and followed by the Buffalo Speedway store later this spring. Houston is the second market for Kroger and Nuro’s delivery […]
CINCINNATI — The Kroger Co. (NYSE: KR), America’s largest grocery retailer, and Ocado (LSE: OCDO), one of the world’s largest dedicated online grocery retailers, today announced Central Florida and Mid-Atlantic as the newly-named regions for America’s next two customer fulfillment centers (CFC). Kroger’s first customer fulfillment center – an automated warehouse facility with digital and […]
CINCINNATI — The Kroger Co. (NYSE: KR) Chairman and CEO Rodney McMullen provided his outlook on the future of retail at the NRF 2019: Retail’s Big Show in New York City during a dynamic keynote presentation themed Restocking the future: Kroger’s insatiable appetite to play and win the long game. CNBC “Squawk on the Street” […]
SCOTTSDALE, Ariz., — Nuro and The Kroger Co. (NYSE: KR) today announced the launch of the first-ever unmanned delivery service available to the general public. Kroger and Nuro Launch First-Ever Unmanned Delivery Service. Since August, the companies have operated a self-driving grocery delivery service in Scottsdale, AZ with an autonomous Prius fleet accompanied by vehicle […]
ATLANTA, Nov. 1, 2018 — Kroger is pleased to announce a significant New Markets Tax Credit (NMTC) allocation to support the construction of a 345,000-square-foot food warehouse and distribution center for the Atlanta Community Food Bank (ACFB). Logo: Zero Hunger | Zero Waste (PRNewsfoto/The Kroger Co.) The $15 million NMTC allocation aligns with The Kroger […]
ATLANTA, Aug. 31, 2018 – The Coca-Cola Company today announced that it has reached a definitive agreement to acquire Costa Limited, which was founded in London in 1971 and has grown to become a major coffee brand across the world. The acquisition of Costa from parent company Whitbread PLC is valued at $5.1 billion and […]
