Content about Kroger

Bob Miller has a knack for turnarounds. In 1999, he took over Rite Aid as chairman and CEO, helping to stabilize the drug store chain at a time when Rite Aid was on the brink of bankruptcy, and many analysts were projecting Rite Aid would fold.

Miller joined Rite Aid soon after building Fred Meyer into a supermarket powerhouse. Kroger acquired the Midwest chain in a $8 billion deal in 1999.

CINCINNATI — Kroger on Tuesday promoted Robert Clark as group VP non-perishables.

"Robert brings impactful leadership and extensive merchandising experience to our team," stated Michael Donnelly, Kroger's SVP merchandising. "His valuable knowledge of our customers across the country will further strengthen our strategic direction."

CINCINNATI — Local Kroger stores will discontinue doubling coupons and will instead lower prices on about 3,500 items, according to a report published in the Business Courier last week. The new everyday lower prices and corresponding shelf tags were rolled out on Monday. 

Kroger will cease doubling coupons up to 50 cents by March and the change is only taking place across the Cincinnati/Dayton division. 

CHICAGO — The Network of Executive Women on Friday named Donna Giordano, president of the Ralphs division of Kroger, and Monica Turner, general manager of market strategy and planning for Procter & Gamble, co-chairs of the NEW Executive Leaders Forum 2013.

CINCINNATI — Kroger on Friday declared a quarterly dividend of 15¢ per share to be paid on March 1, 2013, to shareholders of record as of the close of business on Feb. 15, 2013.

In September, the company's board of directors raised the quarterly dividend by approximately 30%, to 15¢ per share. Since re-instating dividends in 2006, Kroger has increased the dividend each year and expects to continue to do so, the company stated.

Shares of Kroger were up slightly by 39 cents to $27.08 in early afternoon trading, Monday.

Last week in a much anticipated move, Cerberus Capital Management acquired 877 supermarkets from Supervalu for $100 million in cash and the assumption of $3.2 billion in debt.  Also part of the deal, a Cerberus-led investor consortium will provide the remaining Supervalu business an influx with the purchase of up to 30% of Supervalu stock at a purchase price of $4 per share. 

TORONTO — Customer service is the key driver of brand advocacy in retail pharmacy, according to a new study.

CINCINNATI — Diabetes patients at Kroger pharmacies who have private insurance can pay $4 for blood-glucose test strips, the supermarket operator said.

Kroger said insured patients could pay a $4 co-pay for Kroger Premium test strips. People with diabetes can spend as much as $1,000 per year out of pocket on test strips alone, Kroger said.

CINCINNATI — Kroger remained one of the few outperforming supermarket operators Thursday morning as the grocer exceeded analyst consensus adjusted earnings per diluted share by 3 cents with 46 cents per share. Actual reported net earnings were even higher — 60 cents per share — as Kroger benefitted from a settlement with Visa and MasterCard and from a reduction in the company's obligation to fund the UFCW consolidated pension fund created in January. 

Kroger shares were up 3.4% to $25.90 in late morning trading. 

Kroger announced Thursday it will acquire the outstanding shares of Axium Pharmacy Holdings, a leading specialty pharmacy, and merge the two companies. By now, it should be clear that specialty is becoming an increasingly important part of the retail pharmacy mix, having grown more than sixfold in revenues between 2000 and 2011, with everyone from Rite Aid to Costco to Hy-Vee biting off a piece for themselves.

CINCINNATI — Kroger on Thursday announced it will acquire the outstanding shares of Axium Pharmacy Holdings, a leading specialty pharmacy, and merge the two companies.

The partnership gives Kroger significantly enhanced capabilities to serve customers who require complex drug therapies, and to deliver those therapies at a greater value to customers and insurance payers, the grocer stated. Financial terms were not disclosed.

The battle to capture and retain customers in a world where price, convenience and even customer service have become commoditized is in full swing. “The risk is you end up in a loyalty war [where] companies begin to use the loyalty scheme or the loyalty component of [the card] as another form of price escalation,” warned Bryon Pearson, president of LoyaltyOne and contributing editor to Colloquy, a magazine that has covered the loyalty marketing industry since 1990. “The intelligence that sits behind these programs is where the real value is,” he said.