Pardon the Disruption: Could remote pickup become a third e-commerce channel? grocerydive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from grocerydive.com Daily Mail and Mail on Sunday newspapers.
Executives break down strategic game plan in Investor Day event
The Kroger Co. detailed this year’s strategic growth plan led by fresh foods and digital at its virtual 2021 Investor Day conference.
Chairman and CEO Rodney McMullen told analysts and investors yesterday that Cincinnati-based Kroger aims to deliver a total shareholder return of 8% to 11% annually, backed by a financial model that now includes a higher operating profit base and a “clear path” to earnings growth of 3% to 5%.
In fiscal 2020, ended Jan. 30, Kroger added $10 billion to its top line. Sales totaled $132.5 billion, up 8.4% from 2019. That growth was 14.2% excluding fuel sales and dispositions. Identical sales excluding gas and adjustments surged 14.1% year over year.
Kroger unveils new long-term strategy for growth - Cincinnati Business Courier bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
People in the New Richmond area will soon have another option for procuring their groceries.
Kroger is setting up an online grocery pickup location at 415 Sycamore Street, near the intersection of state Route 52, in New Richmond.
Hours of operation are 8 a.m. to 8 p.m., and alcohol will be available to order with a valid identification.
The Kroger service, called Hometown Pickup, will begin on Dec. 18.
“We know that sometimes folks are a little further away from a [Kroger] grocery store than they might prefer, so we launched our Hometown Pickup opportunity in a couple of different locations around Ohio, to try to bring those groceries closer and make it a little more convenient for our customers,”