Profile: Kroger Co (KR.N)
27 Feb 2015
The Kroger Co., incorporated on April 3, 1902, operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. As of February 1, 2014, the Company operated, either directly or through its subsidiaries, 2,640 supermarkets and multi-department stores, 1,240 of which had fuel centers. Approximately 45% of these supermarkets were operated in Company-owned facilities, including some Company-owned buildings on leased land. The Company operates its 2,640 supermarket and multi-department stores under banners, including Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Fry’s, Harris Teeter, King Soopers, QFC, Ralphs and Smith’s. Of these stores, 1,240 have fuel centers. It also operates 786 convenience stores, either directly or through franchisees, and 320 jewelry stores. Kroger operates 38 manufacturing plants, primarily bakeries and dairies, which supply approximately 40% of the corporate brand units sold in its retail outlets.
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 13,000 private label items. As of February 1, 2014, the Company operated 38 manufacturing plants. These plants consisted of 18 dairies, 9 deli or bakery plants, five grocery product plants, two beverage plants, two meat plants and two cheese plants. As of February 1, 2014, the Company operated more than 3,800 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. In addition to the supermarkets, as of February 1, 2014, the Company operated through subsidiaries 786 convenience stores and 320 jewelry stores. All 144 of its jewelry stores located in malls are operated in leased locations. In addition, 83 convenience stores were operated by franchisees through franchise agreements. Approximately 54% 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, sell gasoline.
1014 Vine Street
CINCINNATI OH 45202