Kroger announced that the company has donated 175 million meals from fresh meat, produce, dairy and bakery items to Feeding America food banks since 2008 through its groundbreaking Perishable Donations Partnership.
Publix is successfully competing against a retail behemoth like Walmart, in part, because of the company's ownership structure — 80% of the company is employee-owned — argues an article that will appear in the Aug. 12 issue of Forbes. And pharmacy is the company's fastest-growing department.
Following its announcement to acquire Harris Teeter Supermarkets in a deal valued at $2.5 billion made earlier this month Kroger plans to raise $1 billion through the issuance of two bonds, the Cincinnati Business Courier reported Friday.
According to a report published Monday in the Detroit Free Press, Kroger will create as many as 2,000 jobs throughout Michigan as the national grocer continues to grow marketshare across its core markets, even as the chain seeks a Southeastern foothold with the acquisition of Harris Teeter announced yesterday.
Kroger on Tuesday announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Harris Teeter for $49.38 per share in cash as part of a deal valued upward of $2.5 billion.