Profile: Kroger Co (KR)
23 Sep 2016
The Kroger Co. (Kroger), incorporated on April 3, 1902, operates retail food and drug stores, multi-department stores, jewelry stores and convenience stores across the United States. The Company also manufactures and processes food for sale in its supermarkets. The Company operates through retail operations segment. The Company operates, either directly or through its subsidiaries, approximately 2,778 retail food stores under a range of local banner names, approximately 1,387 of which have fuel centers. Approximately 42% of these supermarkets are operated in the Company-owned facilities, including a range of Company-owned buildings on leased land. Its supermarkets are operated under combination food and drug stores (combo stores), multi-department stores, marketplace stores or price impact warehouses. Its corporate brand products are primarily produced and sold in approximately three tiers. Private Selection is the brand designed to beat the gourmet or upscale brands. The banner brand includes Kroger, Ralphs, Fred Meyer and King Soopers. The Company's other brands also include Simple Truth and Simple Truth Organic.
The Company's combo store is the primary food store format that offers specialty departments, including natural food and organic sections, pharmacies, general merchandise, pet centers, and perishables, such as seafood and organic produce. In addition to the departments offered at a combo store, multi-department stores sell a range of general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products and toys. The Company's marketplace stores offer grocery, pharmacy and health and beauty care departments, as well as a perishable offering and general merchandise area that includes apparel, home goods and toys. The Company operates, through its subsidiaries, approximately 784 convenience stores, approximately 323 jewelry stores and an online retailer. The Company's approximately 121 jewelry stores located in malls are operated in leased locations. In addition, approximately 78 convenience stores are operated by franchisees through franchise agreements. Approximately 54% of the convenience stores operated by subsidiaries are operated in the Company-owned facilities.
1014 Vine St
CINCINNATI OH 45202-1141
Company Web Links
- BRIEF-Kroger Group VP Dougherty sells 31,000 shares of co's common stock on Sept 15
- BRIEF-Kroger announces $0.12/share dividend, $500 mln share buyback
- Low food prices force Kroger to cut profit forecast
- UPDATE 2-Low food prices force Kroger to cut profit forecast
- Supermarket operator Kroger's profit falls 11.5 pct