The Kroger Co. Overview
Company Headquarters: Ohio, US
Founded: 1902
Workforce: ~ 435,000
Company Working: The Kroger Co. is one of the largest retailers in across the globe. The company also manufacture and process some of the food for sale under its own brand name. The company has about 2,757 supermarkets under a variety of local banner names, of which 2,270 had pharmacies and 1,567 had fuel centers. The company has only one reportable segment which is retail operations, as due to all the operating divisions having similar economic characteristics with similar long-term financial performance. The company operates only in American region.
Strategy
The Kroger Co. focuses on self-development and ownership of real estate, it operates in leased facilities in approximately half of their store locations. The company financial strategy is to continue to use its strong free cash flow to invest in the business to drive long-term sustainable growth. The Restock Kroger initiative is one of the core business strategy. The Restock Kroger is a program aids the company in identifying the high margin alternative profit streams, optimizes the merchandise and lowers the cost of expenses. This program works on data generated by research division and data collected from stores, each store has its own individual presentation formula.
