We are not doing it for a hobby! A telling comment from Rodney McMullen, CEO of grocery giant Kroger at last week’s Bank of America 2023 Consumer & Retail Conference, where he talked about the company ...

Kroger stock jumped more than 9% during Friday's trading session, after the company raised its full-year sales forecast, held its profit outlook steady, and posted results for its most recent ...

But while Kroger’s decision in 2018 to partner with automation specialist Ocado held the potential to put it in pole position in the grocery e-commerce sector, that initiative hasn’t been as ...

Digital sales now account for approximately 10% of Kroger's total sales, and the company expects significant profitability improvements in this segment over the next two to three years.

As society has leapt into a new digital era, so has Kroger. So says Rodney McMullen, CEO of Kroger, the second-largest US retailer, as he contemplates a bold new ambition on the back of the ...

Kroger Co.'s profit fell sharply as the nation's largest supermarket chain slashed prices and invested in technology to keep up with rising competition among grocers.

Kroger, one of the largest grocery chains in the United States, has announced a significant operational shift with the planned closure of 60 stores across 16 states.This decision, set to unfold ...

Kroger shares dropped 12% as the grocery-store chain said investments in online operations that aim to compete with Walmart and Amazon are cutting into profit.

U.K.-based Ocado is clearly a leader in the space and is perhaps the only company (certainly a public one) that has shown grocery e-commerce profitability at scale. Kroger has announced ...

Kroger (KR-0.85%) has been no stranger to merger and acquisition rumors this year. Earlier, it made an unsuccessful bid for Boxed, the buy-in-bulk e-commerce service that's seen as a Costco ...

This has led to what is arguably one of the few e-commerce grocery businesses that is actually profitable, with group turnover of £1.5 billion (about $2 billion USD) and significant EBITDA profit ...