✉news BusinessBusiness first seen 3 d ago, last 3 d ago, peak #19
Kroger to refocus on grocery business under new CEO
Original: Kroger to focus on grocery business under new CEO as competition heats up
Kroger says it will concentrate on its core grocery business under its new chief executive as competition in US food retail intensifies from rivals such as Walmart, Costco and discount grocers. The strategy signals a back-to-basics approach aimed at defending market share and sharpening prices, and the announcement is drawing attention across the retail sector.
Why now: The new CEO's strategic direction comes as competitors intensify pressure on the US grocery market.
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