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Kroger off to strong start with positive Q1
CINCINNATI — Kroger reported solid first-quarter results and marked 30 consecutive quarters in which identical-store sales increased, the supermarket retailer announced Thursday.
Kroger said that identical-store sales rose 4.6%, excluding fuel, to about $20.8 billion. Identical stores are defined as supermarkets open at least five quarters.
The company said its first-quarter revenue for the period ended May 21, including fuel, rose 11% to about $27.5 billion, compared with the year-ago period. Excluding fuel, total sales were 4.8% above last year.
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A food desert solution set to open next month in Chicago
Walmart executive were said to be among a group of major retailers who met with Chicago Mayor Rahm Emanuel on Wednesday to discuss the elimination of the city’s “food deserts,” essentially areas where roughly 450,000 residents don’t have convenient access to fresh food.
According to an AP report, representatives from Walmart, Walgreen, Aldi and three other chains who were not identified met with Emanuel who reportedly showed a detailed map of the city’s food deserts and made an appeal for projects in specific areas.