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Kroger ends its streak
The Kroger Co. has broken its impressive record of 52 consecutive quarters of same-store sales growth. The supermarket giant on Thursday posted an unexpected decline in fourth-quarter same-store sales on Thursday amid ongoing food price deflation and increased competition. Kroger’s net income fell to $506 million, or 53 cents per share, for the quarter ended Jan. 28, in line with estimates, and down from $559 million, or 57 cents per share, a year earlier. -
Grocery giant streamlines buying processes
Albertsons Companies is taking steps to help its buyers add new products to store shelves. By adopting an online platform from RangeMe, buyers will gain an efficient way to discover innovative new products and manage the inbound product submission process. The solution supports buyers’ and suppliers’ efforts in finding relevant and trending products for customers, who then benefit from a broader selection of items to choose from in the aisle, the chain said.

