kroger co (KR) Key Developments
The Kroger Rumored To Have Interest In Acquiring Fairway Group Holdings
May 18 15
The Kroger Co. (NYSE:KR) is rumored to have interest in acquiring Fairway Group Holdings Corp. (NasdaqGM:FWM) by the end of 2015.
The Kroger Co. to Acquire Hiller’s Stores
May 1 15
The Kroger Co. will acquire all seven of the Hiller’s Markets stores in the Detroit metropolitan area, in an agreement announced by Kroger’s Michigan division. Terms of the agreement were not disclosed. The Hiller’s stores are located in West Bloomfield, Ann Arbor, Northville, Plymouth, South Lyon and two stores in Commerce Township. They will be rebranded as Kroger stores, except for the unit at 3010 Union Lake Road, Commerce Township, which will be closed because a Kroger store and fuel center recently opened across the street.
Kroger Co. to Invest Nearly $500 Million in Expansion
Apr 30 15
Kroger Co. will spend nearly $500 million to build 11 stores and remodel 22 others in major expansion effort in Central Indiana. The company will build seven of its mega Kroger Marketplace stores in Fishers, Franklin and Indianapolis. Five traditional Kroger stores also are part of the plan, as well as five expansions, 17 remodeling projects, a regional training center in Indianapolis and 16 new gas stations.
Kroger Expands in Central Indiana to Create 3,400-Plus Jobs
Apr 29 15
Kroger will build 11 new stores and expand or remodel 22 others in a $465 million central Indiana expansion that will create 3,440 permanent jobs plus construction jobs. A four-year strategic plan that Kroger announced Wednesday includes new stores in Franklin, Greenwood, Indianapolis and Zionsville and expansions in Carmel, Greenwood and Westfield. The company also says it will expand its Simple Truth natural and organic food offerings. The Kroger moves comes amid the expansion of several competitors in the central Indiana grocery market, including Fresh Thyme, which also has opened a store in Fort Wayne.
dunnhumby Ltd. and Kroger Announce New Long-Term License and Service Agreement
Apr 27 15
dunnhumbyUSA joint venture partners dunnhumby Ltd. and The Kroger Co. announce a new chapter in their successful alliance that will provide greater flexibility for both parties to use data to create substantial opportunities for innovation and growth. Under the new arrangements dunnhumby Ltd. and Kroger will replace their existing exclusive joint venture with a new long-term license and service agreement and the acquisition of certain assets from dunnhumbyUSA by Kroger. A new business called 84.51° will operate with those assets as its foundation. dunnhumby Ltd. will continue to operate in the U.S. as dunnhumby, expanding its client base and accelerating the growth of its business through the greater flexibility of the new arrangements with Kroger. dunnhumby will now have the ability to use its proven insight products and data expertise to capture the substantial, previously unavailable potential of the North American market through working with new retailers, consumer brands and media partners. dunnhumby will continue to pioneer the field of customer science through innovations in retail consulting services, analytics software, data science and digital media and will continue to develop its existing strong platform of client relationships in the US. Current retail clients of the joint venture will be seamlessly transitioned to dunnhumby. dunnhumby will continue to operate from offices in the US in Cincinnati, New York, Boston, Chicago and Sacramento. dunnhumby's work with retailers and brands in its other 70 countries earning the loyalty of almost one billion customers continues as normal. Under the new arrangements, Kroger will retain dunnhumby Ltd.'s technology and the talent to continue developing Kroger's leading customer insights and loyalty programs for the benefit of its customers. More than 500 of dunnhumbyUSA's employees will become associates of 84.51°, a wholly-owned subsidiary of The Kroger Co. 84.51° will also have the benefit of a perpetual license to use dunnhumby Ltd.'s analytical tools to find customer insights in Kroger's data. dunnhumby Ltd. will provide service and maintenance on those tools for a period of five years, but will no longer have access to Kroger's data. Current consumer packaged goods companies that serve Kroger customers and work with dunnhumbyUSA will be seamlessly transitioned to 84.51°. Stuart Aitken, who previously led dunnhumbyUSA, will become chief executive officer of 84.51°. In addition, 84.51° will have the flexibility to accelerate future innovation by working with new partners and new tools, always toward the goal of engaging customers where, when and how it matters most to them. Where previously Kroger was restricted to working with dunnhumby only, the new non-exclusive arrangement now makes available to 84.51° the use of innovative tools from other companies to analyze its data. 84.51° will be an innovation engine, focused on rapidly developing customer science, analytics and insights to bring new solutions to market to support Kroger, consumer packaged goods companies, and other partners. 84.51°'s headquarters will be in the building at Fifth and Race Streets, downtown Cincinnati.