kroger co (KR) Key Developments
Kroger Is Reportedly Looking To Buy Bi-Lo
Jan 20 15
The Kroger Co. (NYSE:KR) is reportedly looking at another expansion and has its corporate eyes on Bi-Lo Holdings, LLC. The Tampa Bay Business Journal is speculating that expansion might be targeted at buying Bi-Lo/Winn-Dixie. First Coast News reached out to Bi-Lo Holdings, but a spokesperson had no comment on the speculation.
Kroger Seeks Acquisitions
Jan 18 15
The Kroger Co. (NYSE:KR) may be looking to enter Florida in a big way. Analyst Carol Levenson wrote that "all signs point to management's willingness to make a major acquisition" in a report after analyzing the Kroger's bonds, reports Cincinnati Business Courier. Executives of Kroger have indicated recently that it could make another acquisition before long, according to Cincinnati Business Courier. Florida isn't the only place Kroger is looking to expand its presence; other regions of interest include Chicago, the Northeast, the upper Midwest and Oklahoma. But Florida is a market that can't be ignored for a grocer with major growth aspirations, as the state recently passed New York to become the third most populous in the U.S.
The Kroger Co. Declares Quarterly Dividend, Payable on March 1, 2015
Jan 16 15
The Kroger Co.'s board of directors declared a quarterly dividend of 18.5 per share to be paid on March 1, 2015, to shareholders of record as of the close of business on February 16, 2015.
The Kroger Co. Appoints Nora Aufreiter as Board of Director
Jan 4 15
The Kroger Co. on Dec. 11 announced that Nora Aufreiter has been elected to the company's Board of Directors. Aufreiter is Director Emeritus of McKinsey & Company. She had roles of increasing responsibility during her 27 years with the firm including serving on their global personnel committees. Her roles included leading the firm's North American Retail Practice, North American Branding service line, McKinsey's Toronto office, and the firm's Consumer Digital and Omnichannel service line, which she led until her retirement in June of 2014.
Kroger Submits Plans for New Store at the Cornerstone of Centerville Development
Jan 3 15
Kroger officially submitted plans for a new store at the Cornerstone of Centerville development. The store is set to be on about 15 acres just east of the new Costco that opened in November at the multi-use development near the I-675 and Wilmington Pike interchange. Plans show the store facing south with 600 parking spaces and a new Kroger Fuel Center planned near the parking lot entrance off Feedwire Road. The store will have a 116,000-square-foot footprint. The plan on the drawing board is about 20,000 square feet smaller than the Kroger Marketplace at 1095 S. Main St. in Centerville that opened in 2011. Construction plans could be approved as early as Jan. 27 at a Centerville Planning Commission meeting. If no zoning or architectural changes are required, building permits could be filed for and secured within weeks after approval.