Profile: Kroger Co (KR.N)
6 Mar 2014
The Kroger Co., incorporated on April 3, 1902, is a retailer in the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. As of January 28, 2012, the Company operated, either directly or through its subsidiaries, 2,435 supermarkets and multi-department stores, 1,090 of which had fuel centers. Approximately 45% of these supermarkets were operated in Company-owned facilities, including some Company-owned buildings on leased land. As of January 28, 2012, the Company operated 2,435 supermarket and multi-department stores under banners, including Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Fry’s, King Soopers, QFC, Ralphs and Smith’s. Of these stores, 1,090 have fuel centers. It also operates 791 convenience stores, either directly or through franchisees, and 348 jewelry stores. In addition to the supermarkets, as of January 28, 2012, the Company operated through subsidiaries 791 convenience stores and 348 jewelry stores. All of its jewelry stores located in malls is operated in leased locations. In addition, 83 convenience stores were operated through franchise agreements. Approximately 51% of the convenience stores operated by subsidiaries were operated in Company-owned facilities. The convenience stores offer a limited assortment of staple food items and general merchandise and, in most cases, sell gasoline. In January 2014, The Kroger Co and Harris Teeter Supermarkets, Inc announced the completion of the merger transaction between the two companies. In February 2014, the Company purchased the assets of YOU Technology Brand Services, Inc.
The Company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The Company's supermarkets, on average, stock approximately 11,000 private label items. As of January 28, 2012, the Company operated 39 manufacturing plants. These plants consisted of 17 dairies, 10 deli or bakery plants, five grocery product plants, three beverage plants, two meat plants and two cheese plants. As of January 28, 2012, the Company operated more than 3,600 owned or leased supermarkets, convenience stores, jewelry stores, distribution warehouses and food processing facilities through divisions, subsidiaries or affiliates. These facilities are located throughout the United States.
The Company’s supermarkets are generally operated under format, which include combination food and drug stores (combo stores); multi-department stores; marketplace stores; or price impact warehouses. The combo stores are the primary food store format. Multi-department stores are larger in size than combo stores. In addition to the departments offered at a combo store, multi-department stores sell a selection of general merchandise items, such as apparel, home fashion and furnishings, electronics, automotive products, toys and jewelry. Marketplace stores are smaller in size than multi-department stores. They offer full-service grocery and pharmacy departments, as well as a general merchandise area, which includes outdoor living products, electronics, home goods and toys. Price impact warehouse stores offer a no-frills, low cost warehouse format and feature everyday low prices plus promotions for a selection of grocery and health and beauty care items. The average size of a price impact warehouse store is similar to that of a combo store.
1014 Vine Street
CINCINNATI OH 45202