STOCK TITAN

Kroger CIO Discusses Digital Innovation Trends for Grocery Retail in 2024

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Kroger's Chief Information Officer, Yael Cosset, discusses the company's digital transformation at the National Retail Federation Big Show 2024. He emphasized the focus on enhancing customer and associate experiences, investing in digital innovations, and leveraging artificial intelligence to benefit customers and associates.
Positive
  • None.
Negative
  • None.

Yael Cosset talks digital transformation at the National Retail Federation Big Show 2024

CINCINNATI, Jan. 19, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today shared Chief Information Officer (CIO) and Senior Vice President (SVP) Yael Cosset joined Sucharita Kodali, Vice President at Forrester Research, this week at the National Retail Federation's (NRF) Big Show for a conversation on Kroger's digital journey and how that transformation impacts customers and associates.

"We continue to invest in our digital transformation journey by enhancing our customer and associate experiences, recognizing that both are equally impactful to gaining loyalty and earning our customer's next trip," said Yael Cosset, Kroger CIO and SVP. "Our aim is to be the fresh food destination by providing customers with an experience that gives them exactly what they want no matter how they shop and use our digital capabilities to support associates, making their jobs easier and enabling them to spend more time doing what they are best at—interacting with customers."

Cosset explained Kroger has invested significantly in customer facing digital innovations to provide greater value and savings. He cited examples such as making weekly circulars digital, so ads can be shopped from directly and digital improvements to make customers aware of available savings they have not engaged with on products they shop and love the most. The associate experience has too benefited from tech upgrades, Cosset shared, referring to mobile technology in stores offering tools for customized learning and training experiences, task management and providing the ability to better assess product availability to support in stock levels and fulfillment.

Asked what digital transformation efforts successfully help to find, train or retain the best associates, Cosset shared, "Digital transformation efforts have dramatically reduced our time to hire by implementing digital-first HR solutions. Training applications have been developed using world-class design practices to emphasize ease of use, enhancing speed-to-excellence. Lastly, as we do for our customer experience, we are measuring if the technology we are deploying improves the associate experience by monitoring Net Promoter Score for our associates' solutions so that we can constantly improve the impact digital transformation has on associates."

Cosset also shared insight on the retailer's approach to artificial intelligence and how GenAI can help the retail grocery industry.

"Above all, we remain committed to growing and retaining the trust of our customers and that means responsible AI development to benefit customers with an enhanced experience and even greater value," explained Cosset. "I believe gen AI is already impacting and will continue to impact the grocery industry broadly and in a transformational way. We continue to use AI and GenAI across the business for improvements such as more relevant creative marketing content, better search outcomes on digital platforms, greater personalization for customers, easier solutions for our associates, and many more areas. Like all technology, we view AI as a resource for our customers and associates to improve our human connections, not replace them."

NRF's Big Show is a gathering of retailers to hear from the biggest changemakers, experience the latest innovations and make impactful relationships.

About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies nearly half a million associates who serve over 11 million customers daily through a seamless digital shopping experience and retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities by 2025. To learn more about us, visit our newsroom and investor relations site.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/kroger-cio-discusses-digital-innovation-trends-for-grocery-retail-in-2024-302039492.html

SOURCE The Kroger Co.

FAQ

What was discussed at the National Retail Federation Big Show 2024?

Yael Cosset, Kroger's CIO, discussed the company's digital transformation, focusing on enhancing customer and associate experiences, investing in digital innovations, and leveraging artificial intelligence to benefit customers and associates.

Who joined Yael Cosset at the NRF Big Show?

Yael Cosset was joined by Sucharita Kodali, Vice President at Forrester Research, at the NRF Big Show.

What is Kroger's ticker symbol?

Kroger's ticker symbol is KR.

What did Yael Cosset emphasize about the digital transformation?

Yael Cosset emphasized the focus on enhancing customer and associate experiences, investing in digital innovations, and leveraging artificial intelligence to benefit customers and associates.

How is Kroger investing in digital transformation?

Kroger has invested significantly in customer-facing digital innovations to provide greater value and savings, as well as tech upgrades for the associate experience.

What are some examples of Kroger's digital innovations?

Examples include making weekly circulars digital, digital improvements to make customers aware of available savings, and mobile technology in stores offering tools for customized learning and training experiences for associates.

How has digital transformation impacted the associate experience?

Digital transformation efforts have reduced time to hire, enhanced training applications, and improved the associate experience by monitoring Net Promoter Score for associates' solutions.

What did Yael Cosset share about artificial intelligence?

Yael Cosset shared insights on the retailer's approach to artificial intelligence and how GenAI can help the retail grocery industry, emphasizing responsible AI development to benefit customers with an enhanced experience and greater value.

The Kroger Co.

NYSE:KR

KR Rankings

KR Latest News

KR Stock Data

41.98B
723.49M
7.6%
75.7%
1.34%
Grocery Stores
Retail-grocery Stores
Link
United States of America
CINCINNATI