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Private Labels

All articles tagged with #private labels

Kroger to Close Over 60 Stores Nationwide
business8 months ago

Kroger to Close Over 60 Stores Nationwide

Kroger plans to close about 60 stores over the next 18 months following the collapse of its merger with Albertsons, aiming to improve long-term profitability. The company will offer affected employees positions at nearby stores and invest in enhancing customer experience at remaining locations. Despite store closures, Kroger's sales have increased due to consumer shifts towards home-cooked meals, price cuts, and growth in private label products, leading to a nearly 10% rise in its shares.

Kroger's Shares Rise Amid Strong Grocery Demand and Sales Growth
business8 months ago

Kroger's Shares Rise Amid Strong Grocery Demand and Sales Growth

Kroger's shares rose about 10% after raising its full-year sales outlook, driven by increased demand for lower-priced store brands and home-cooked meals, despite ongoing legal and competitive challenges. The company reported a strong first quarter with a 3.2% increase in identical sales, growth in private label brands, and a focus on cost reduction and store closures to improve profitability.