Welcome to our dedicated page for Kroger news (Ticker: KR), a resource for investors and traders seeking the latest updates and insights on Kroger stock.
Kroger Co. (NYSE: KR) maintains its position as a leading U.S. food retailer through strategic initiatives across physical and digital markets. This news hub provides investors with essential updates on corporate developments, financial performance, and industry leadership.
Access timely press releases covering quarterly earnings, store expansions, sustainability efforts, and technological innovations. Our curated collection includes analysis of merger activity, private-label growth strategies, and competitive positioning within the grocery sector.
Key updates feature operational milestones like digital platform enhancements, pharmacy network developments, and community partnership programs. Track KR's responses to market trends, supply chain optimizations, and shareholder value initiatives through verified primary sources.
Bookmark this page for structured access to KR's official communications, enabling informed analysis of revenue drivers and long-term strategic direction. Regular updates ensure awareness of material developments affecting investment considerations.
The Kroger Co. (NYSE: KR) released its 2020 Environmental, Social and Governance (ESG) Report on August 17, highlighting progress in sustainability goals. The report emphasizes commitment to a hunger-free community and waste reduction. Key metrics include a 4% reduction in food waste and an 18% improvement in waste diversion since 2017. Kroger aims for zero food waste by 2025 and has invested over $830 million in associate safety amid COVID-19. The corporation also detailed new sustainability commitments, including a 30% reduction in greenhouse gas emissions by 2030.
Kroger (NYSE: KR) has announced an expansion of its Kroger Ship platform to include a ship-to-home marketplace featuring third-party sellers, facilitated by Mirakl. This initiative is part of Kroger's strategy to enhance its e-commerce services, responding to increased demand during the COVID-19 pandemic. Over 50,000 additional items will be available across various categories, improving product accessibility for customers. This market integration aims to leverage customer insights and broaden product offerings, further establishing Kroger's digital marketplace ahead of its fall launch.
The Kroger Co. (KYSE: KR) has announced the launch of a contactless payments pilot at its QFC division in Seattle, enhancing customer checkout experiences through mobile devices. Customers can utilize various payment methods, including Apple Pay, Google Pay, and Samsung Pay, via NFC technology. The pilot aims to improve convenience and promote social distancing amid the COVID-19 pandemic, complementing over 30 policy changes Kroger has implemented. This development aligns with Kroger's commitment to innovate and personalize the shopping experience for its customers.
The Kroger Co. (NYSE: KR) announced the launch of its Simple Truth Recycling Program, enabling customers to recycle flexible packaging from over 300 Simple Truth products. This initiative, developed with TerraCycle, allows participants to recycle items like produce and bread bags. It reflects Kroger's commitment to its Zero Hunger | Zero Waste plan, aiming to reduce environmental impact. Kroger has achieved a significant milestone by decreasing plastic resin usage in its packaging by 10.1 million pounds by 2019, ahead of its target. The program is open to individuals and organizations across the U.S.
The Kroger Family of Companies (NYSE: KR) has received a 75%, 15-year data center sales tax exemption from the Ohio Tax Credit Authority. This exemption applies to technology equipment for Kroger's data centers in Blue Ash and Hamilton, Ohio, contingent upon a minimum $100 million capital investment over three years and an annual payroll of $1.5 million. Kroger's investments in technology are aimed at enhancing customer experiences and supporting expected online grocery growth of 40% in 2020, positioning the company favorably for future digital expansion.
Home Chef, a leading meal kit delivery service, has partnered with Impossible Foods to offer plant-based Impossible Burger options in its meal kits. Customers can now customize recipes by substituting traditional meat with the Impossible Burger, which boasts 19 grams of protein and zero cholesterol per serving. This collaboration enhances Home Chef's menu variety, featuring 19 weekly recipes, including various meal types. The partnership aligns with consumer trends favoring plant-based diets, aiming to provide more innovative meal solutions.
Ralphs and Food 4 Less, subsidiaries of Kroger (NYSE: KR), announced the installation of a photovoltaic solar power array at their 300,000-square-foot bakery in La Habra, California. The system includes nearly 3,000 solar panels expected to generate approximately 1 Megawatt (AC) of clean energy, equivalent to powering 240 homes annually. This is Kroger's second solar project in Southern California, part of their initiative to explore renewable energy and improve sustainability. The bakery employs over 200 associates and supports 303 grocery stores in the area.
