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Walmart expanded its same-day delivery offering to allow shoppers to get online purchases dropped off earlier in the morning. With same-day deliveries, the three retailers are not only trying to outmatch one another on convenience. With Target's announcement this week, Walmart, Target and Kroger will all have paid membership programs with home deliveries as one of the benefits. Kroger has used online delivery to break into new regions of the country, including Florida, without opening a single grocery store. Walmart and Target both beat Wall Street's sales expectations for the holiday quarter, but said shoppers are still very value-focused.
Persons: Kroger, Michael Baker, Davidson, Davidson's Baker, John David Rainey, Rodney McMullen, That's, McMullen, We've Organizations: Target, Walmart, D.A, Kroger, Costco, Albertsons, FTC, Wall Locations: U.S, Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKroger CEO Rodney McMullen on FTC lawsuit: We were disappointed but not surprisedRodney McMullen, Kroger CEO, joins 'Money Movers' to discuss the FTC's lawsuit against Kroger and Albertson's proposed merger, why the merger wouldn't raise prices for consumers, and the core of the FTC's argument.
Persons: Kroger, Rodney McMullen, Albertson's Organizations: Kroger
"Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing, and their working conditions deteriorating." Kroger said in a statement that blocking the deal "will actually harm the very people the FTC purports to serve: America's consumers and workers." The company also pledged $500 million to reduce prices for customers and $1 billion to raise employee wages and expand benefits. Two unions that represent Kroger and Albertsons employees, the United Food and Commercial Workers International Union and the Teamsters union, opposed the deal. Higher grocery prices have irked consumers and become a hot topic on the campaign trail.
Persons: Henry Liu, Kroger, Albertsons, Biden, Joe Biden, Rodney McMullen Organizations: U.S . Federal Trade Commission, Kroger, Albertsons, FTC, Washington D.C, Walmart, Amazon, Costco, White, United Food, Commercial Workers International Union, Teamsters Locations: Arizona , California, Washington, , Illinois, Maryland , Nevada , New Mexico , Oregon, Wyoming, FTC's
New York CNN —The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices for consumers. The merger, announced in 2022, sought to combine the fifth and tenth largest retailers in the country. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years. With the FTC’s blessing, Haggen, a small supermarket chain in the Northwest with just 18 locations, bought 146 of the former Albertsons and Safeway stores. She criticized the FTC’s handling of Albertsons’ deal with Safeway, pointing to it as a prime example of the limitations of divestitures.
Persons: Harris Teeter, Fred Meyer, Kroger, Rodney McMullen, Henry Liu, Piggly, Khan, Lina Khan, Haggen, ” Khan, Organizations: New, New York CNN, Federal Trade Commission, Kroger, Albertsons, Safeway, Vons, Bureau of Labor Statistics, FTC, Walmart, Amazon, Costco, Competition, S Wholesale Grocers, Democrats, Republicans, Capitol Locations: New York, United States, Aldi, FTC’s, Northwest
NASHUA, N.H. (AP) — A man convicted of opening fire inside a New Hampshire church during a wedding, wounding a bishop and the bride, was sentenced Monday to 40 years to life in prison. The shooting happened nearly two weeks after Holloway’s stepfather, a pastor at the church, was killed by the son of the groom. The jury acquitted Holloway of an attempted murder charge in the shooting of McMullen. Authorities said Castiglione is the father of a man convicted of killing Holloway’s stepfather. Brandon Castiglione was convicted of second-degree murder and sentenced to 42 years in prison earlier this year for fatally shooting Holloway’s stepfather, Luis Garcia, inside his home.
Persons: Dale Holloway, , Seth Dobieski, Dobieski, Holloway, Stanley Choate, Claire McMullen, McMullen, , Choate, I’ve, I’m, Mark Castiglione, Castiglione, Holloway’s, Brandon Castiglione, Luis Garcia Organizations: New England Pentecostal Ministries, Authorities Locations: NASHUA, N.H, New Hampshire, Pelham, McMullen
A gunman who opened fire in a New Hampshire church during a wedding, wounding the bride and bishop, was sentenced Monday to a minimum of 50 years to life in prison. The man, Dale Holloway, 41, barged into the New England Pentecostal Ministries church in Pelham, N.H., on Oct. 12, 2019, on an apparent revenge mission, shooting Bishop Stanley Choate in the chest and the bride, Claire McMullen, in the arm, according to court documents. At the end of the wedding ceremony, Mr. Holloway stood up and moved toward the altar, at which point Bishop Choate stretched his arms out and pleaded, “Son, no, no, no, no,” prosecutors said. Mr. Holloway then shot the bishop and the bride. Mr. Holloway also struck Mr. Castiglione in the head before churchgoers tackled him to the ground, prosecutors said.
Persons: Dale Holloway, Bishop Stanley Choate, Claire McMullen, Holloway, Luis Garcia, McMullen, Mark Castiglione, Brandon Castiglione, Mr, Garcia, Bishop Choate, , Castiglione, churchgoers Organizations: New England Pentecostal Ministries Locations: New Hampshire, Pelham, N.H
Supermarket chain Kroger's proposed acquisition of rival Albertsons is now expected to close in the first half of Kroger's fiscal year 2024 instead of early this year. Kroger, Albertsons and C&S Wholesale Grocers said they are in "active and ongoing dialogue" with the Federal Trade Commission and individual state attorneys general, according to the joint statement. In a bid to close the proposed $24.6 billion deal, Kroger agreed in September to divest 413 stores and eight distribution centers to C&S for $1.9 billion. With regulatory approval, the merger may require C&S to purchase an additional 237 stores from Kroger and Albertsons, Kroger said last year. Washington state's attorney general filed a lawsuit Monday seeking to block the proposed merger, calling it "harmful" for shoppers and workers.
Persons: Rodney McMullen, Kroger, , Elizabeth Warren, Bernie Sanders, Alexandria Ocasio, Cortez Organizations: Albertsons, Antitrust, Consumer, Capitol, S Wholesale Grocers, Federal Trade Commission, Kroger, Safeway, Acme, Washington, & $ Locations: Washington, Sens, Alexandria
Food inflation is slowing down heading into 2024, according to the largest supermarket chain in the US. Executives at Kroger said they expect food inflation "in the low single-digits'" in the new year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Food inflation peaked over the last two years in June 2022, when federal data showed prices rising 9%. Walmart is also expecting relief from food inflation, CEO Doug McMillon said earlier this month.
Persons: , Gary Millerchip, Kroger, Millerchip, Rodney McMullen, Doug McMillon Organizations: US, Kroger, Service, Bank of America, Walmart Locations: Nashville , Tennessee
Kroger CEO: We continue to expect 'slight inflation' in 2024
  + stars: | 2023-11-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKroger CEO: We continue to expect 'slight inflation' in 2024Kroger CEO Rodney McMullen joins 'Squawk on the Street' to discuss what led McMullen to downgrade Kroger's expectations on sales growth, any big changes in consumer behavior during the quarter, and more.
Persons: Rodney McMullen, McMullen Organizations: Kroger
Chinese President Xi Jinping attends the plenary session of the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING, Sept 19 (Reuters) - Chinese President Xi Jinping told two US Flying Tigers veterans who fought for China during World War II that China and the US "should and must" achieve peaceful co-existence, offering further cues for both sides to lower persistent tensions. "Looking to the future, China and the United States, as two major countries, bear more important responsibilities for world peace, stability and development," Xi said. "They should and must achieve mutual respect, peaceful coexistence, and win-win cooperation." Reporting by Ryan Woo; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.
Persons: Xi Jinping, GIANLUIGI, Harry Moyer, Mel McMullen, Xi, Chiang Kai, Han Zheng, Antony Blinken, Han, Ryan Woo, Michael Perry Organizations: Rights, US Flying Tigers, Japan, American Volunteer Group, Flying Tigers, US, shek's Kuomintang, United Nations General Assembly, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, China, United States, Republic of China
All fuel centers and pharmacies associated with the divested stores will remain with the stores and continue to operate. Kroger, based in Cincinnati, Ohio, bid $20 billion for Albertsons. C&S, which was founded in 1918, is a supplier to independent grocery stores, supplying more than 7,500 independent supermarkets, retail chain stores and military bases. It currently runs Grand Union grocery stores and Piggly Wiggly franchise and corporate-owned stores in the Midwest and Carolinas. Shares of Kroger Co., based in Ohio, rose 5% Thursday and Albertsons Cos., based in Idaho, rose 3%.
Persons: Debi Lilly Design, Primo Taglio, Kroger, ” Kroger, Rodney McMullen Organizations: Kroger, Albertsons, S Wholesale Grocers, Waterfront Bistro, Walmart, Amazon, Aldi, Winn, Dixie, Federal Trade Commission, Union, Kroger Co, Albertsons Cos Locations: Cincinnati , Ohio, Midwest, Carolinas, Ohio, Idaho
But it has created risk that customers could turn to retailers known for lower food prices, such as Walmart, Aldi or Dollar General . Kroger reaffirmed its full-year guidance, saying it expects identical sales excluding fuel to range between 1% and 2%. In an earnings release, he said the grocer expects inflation to "continue to decelerate" and expects a tougher backdrop for consumers in the months ahead. Kroger CEO Rodney McMullen said on an earnings call that slowing inflation could lift sales in another way. He said Kroger has stepped up security and added new tech to try to fight crime, but said Kroger expects the theft trends "will continue to be a challenge for the remainder of the year."
Persons: Kroger, Fred Meyer, Ralphs, King Soopers, Gary Millerchip, Rodney McMullen, McMullen, Millerchip Organizations: Kroger, LSEG, Target, Walmart, Aldi, Express, U.S . Bureau of Labor Statistics, Albertsons, S Wholesale Grocers, Grand Union Locations: U.S, Florida, Washington ,
Kroger settles $1.2 billion opioid claims
  + stars: | 2023-09-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKroger settles $1.2 billion opioid claimsKroger CEO Rodney McMullen joins 'Squawk on the Street' to discuss the sales miss in its earnings report, Kroger agreeing to pay $1.2 billion in opioid settlement with Native American tribes, and the state of consumer spending on groceries.
Persons: Kroger, Rodney McMullen
George Frey | ReutersDrugmakers aren't the only ones feeling the impact of the weight loss industry gold rush. Retailers with pharmacy businesses, such as Walmart , Kroger and Rite Aid , said increased demand for prescription weight loss drugs helped boost sales for the second quarter. Are weight loss drugs profitable? A selection of injector pens for the Saxenda weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. For one, branded drugs don't directly compete with other medications because they have patent protections.
Persons: George Frey, Reuters Drugmakers, Arun Sundaram, it's, Elon Musk, Eli Lilly, Doug McMillon, Matthew Schroeder, Schroeder, Rodney McMullen, CFRA Research's Sundaram, Michael Lasser, Jim Vondruska, USC's Schaeffer Organizations: KR NOVO.B, Novo Nordisk, Pharmacy, Reuters, Walmart, Kroger, Rite, CFRA Research, CNBC, Nordisk, Elon, Pfizer, UBS, USC's, USC's Schaeffer Center for Health, Association Locations: Provo , Utah, U.S, GLP, Chicago , Illinois
Kroger CEO Rodney McMullen discussed the company's proposed merger with rival grocery chain Albertson's with CNBC's Jim Cramer, saying he's confident about the deal despite the Federal Trade Commission's recent crackdown on mergers. The rival grocers announced their plans to merge in October, proposing a $24.6 billion deal. McMullen said he thinks the government will approve the merger, saying it will only benefit customers and employees. The merger would allow the companies to capture nearly 16% of the U.S. grocery market, according to market researcher Numerator. Kroger is currently the second-largest grocer by market share in the United States, behind Walmart , and Albertsons is fourth, after Costco, Numerator also shows.
Persons: Rodney McMullen, CNBC's Jim Cramer, McMullen, We've, we'll Organizations: Federal Trade, Kroger, Walmart, Albertsons, Costco Locations: United States
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKroger CEO Rodney McMullen: Customers on a budget are shopping more frequently but spending less per tripKroger CEO Rodney McMullen sit down with 'Mad Money' host Jim Cramer to talk its merger with Albertsons, Kroger's Back to School campaign and more.
Persons: Kroger, Rodney McMullen, Jim Cramer Organizations: Albertsons
Kroger CEO Rodney McMullen goes one-on-one with Jim Cramer
  + stars: | 2023-07-26 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Kroger CEO Rodney McMullen goes one-on-one with Jim CramerKroger CEO Rodney McMullen sit down with 'Mad Money' host Jim Cramer to talk its merger with Albertsons, Kroger's Back to School campaign and more.
Persons: Rodney McMullen, Jim Cramer Kroger, Jim Cramer Organizations: Albertsons
A spate of retailers have been hit by bomb threats in recent months, The Wall Street Journal reported. Retailers affected included Walmart, Kroger, and Whole Foods, the Journal reported. Walmart, Krogers, and Whole Foods stores across the country are among those targeted with threats and ransom demands this year. Whole Foods recently told managers to go over bomb threat protocols with employees, according to a memo seen by the newspaper. A group of Target stores across several states were evacuated earlier this month after bomb threats were sent to local news outlets.
Persons: , Rodney McMullen, Kroger Organizations: Street Journal, Walmart, Kroger, Foods, Service, America's, Meijer, Apple, FBI Locations: Chicago, bitcoin, New Mexico, Wisconsin, Grafton , Wisconsin, Grafton
That's roughly 2,500 firefighters short of what is needed, said Mike Flannigan, a professor at Thompson Rivers University in British Columbia and wildfire specialist. "It's hard work, it's hot work, it's smoky work, and there are real issues with health impacts longer-term," Flannigan said. Applications were down in British Columbia and Nova Scotia, and Alberta had to do several rounds of recruitment to fill its ranks, officials said. As more wildfires threaten communities, provincial agencies are also increasingly leaning on structural firefighters to help protect homes. Since 2009, Canada has been spending more on fighting and suppressing wildfires than on maintaining its firefighting personnel and program.
Persons: Mike Flannigan, Flannigan, Scott Tingley, Rob Schweitzer, Ken McMullen, David Ljunggren, Ismail Shakil, Denny Thomas, Aurora Ellis Organizations: Reuters, Thompson Rivers University, Nova, Wildfire, BC Wildfire Service, Canadian Association of Fire Chiefs, Emergency Preparedness, Thomson Locations: BRITISH COLUMBIA, Canada, Yukon, British Columbia, Ontario, Nova Scotia, Alberta, Canada's, Manitoba, Lithuania, Quebec, Ottawa
A robot plays the piano at the Apsara Conference, a cloud computing and artificial intelligence conference, in China, on Oct. 19, 2021. The artificial intelligence craze has consumed Wall Street in 2023. The tool touts some impressive capabilities, and spurred an AI race with rival Google announcing it's own chat box - Bard AI - only a few months later. Now some with little to no historical ties to artificial intelligence have touted the technology on conference calls to analysts and investors. McMullen specifically pointed to how AI could help streamline customer surveys and help Kroger take the data and implement it into stores at a more speedy clip.
Persons: OpenAI, Rodney McMullen, McMullen, Kroger Organizations: Apsara Conference, European, Google, Investors, Nvidia, Kroger Locations: China, European Union
Shares of the retailer, which had consistently raised its outlook over the past two years, fell 4.5% to $45.07 after the dull forecast. Last month, rival Walmart raised its annual forecasts as more Americans shopped for its lower-priced groceries and other essentials. However, Kroger's gross margins rose 21 basis points, compared to a fall a year earlier, benefiting from lower supply chain costs as well as its efforts to source some products closer to its distribution centers. It also profited from shoppers - including higher-income consumers looking for more economical options amid persistent inflation - preferring its store-label brands to pricier national brands. Reporting by Granth Vanaik in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Joseph Feldman, Kroger, Rodney McMullen, Kroger's McMullen, Arun Sundaram, Granth, Shinjini Organizations: Kroger, Investors, Walmart, Albertsons, CFRA, Thomson Locations: Bengaluru
New York CNN —Kroger and other chains say customers on food assistance programs like SNAP are struggling as aid shrinks. “Budget-conscious households are buying fewer items, particularly as SNAP benefits declined during the quarter,” said Kroger (KR) CEO Rodney McMullen on an earnings call Thursday. Customers are “making significant modifications” such as buying a four-pack of an item instead of a 12-pack. The decrease came with the end of a Covid emergency policy that increased SNAP benefits to the maximum level for every recipient. Dollar Genera (DG)l, Dollar Tree (DLTR), Walmart (WMT) and other chains have also said recently that customers on food stamps are struggling most.
Persons: New York CNN — Kroger, , Kroger, Rodney McMullen, Jeffrey Owen, ” Owen Organizations: New, New York CNN, SNAP, KR, , Budget, Walmart, Dollar, Bureau of Labor Statistics ’ Locations: New York, Washington, DC
Kroger CEO: Food inflation is moderating
  + stars: | 2023-06-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKroger CEO: Food inflation is moderatingKroger CEO Rodney McMullen joins 'Squawk on the Street' to discuss increased guidance for free cash flow, Kroger's latest earnings report, and the changing spending habits of low-income consumers.
Persons: Rodney McMullen Organizations: Kroger
The Wall Street firm said it believes there will be "significant improvement" in the company's return on invested capital over the next two to three years. Domino's Pizza — The pizza chain gained 6.46% after Stifel upgraded the stock to buy from hold. The Wall Street firm said investors should buy the weakness in Target shares, which are down 15% over the past month. The Wall Street firm said it was bullish long term, but believes the stock price has been seeing appreciation much stronger than experienced in the broader market. The Wall Street firm also boosted its price target to $40 from $36, suggesting upside of more than 20% from Wednesday's close.
Persons: Kroger —, Kroger, Rodney McMullen, Bernstein, Lennar, Oppenheimer, Corning, John Wiley, Mizuho, Patterson, Morgan Stanley, Yun Li, Alex Harring, Jesse Pound, Sarah Min Organizations: New York Stock Exchange, Cava Group, Deutsche Bank, Stifel, , Technologies, Corning —, Citi, Corning, Management, UTI Energy, Patterson Locations: Wednesday's
Ron DeSantis rarely mentions the specifics of his religion, faith, or practice of it. Ron DeSantis delivers remarks during the Project Opioid conference at First Presbyterian Church in Orlando on Aug. 20, 2019. Ron DeSantis and his wife Casey stand during the Pledge of Allegiance at a campaign event, Wednesday, May 31, 2023, in Cedar Rapids, Iowa. Ron DeSantis and his wife, Casey, bow their heads during a prayer at a campaign event, Wednesday, May 31, 2023, in Cedar Rapids, Iowa. Ron DeSantis speaks during a campaign event, Tuesday, May 30, 2023, in Clive, Iowa.
Persons: Ron DeSantis, wouldn't, , Joe Burbank, Brian Burch, Burch, DeSantis, Donald Trump, Joe Biden, Biden, He's, Nate Hochman, Hochman, Maria Sullivan, Casey, Charlie Neibergall, Sullivan, Piers Morgan, there's, that's, Phelan M, Paul Harvey, Cary McMullen, John F, Kennedy, El Paso Bishop Mark Seitz, Miami Archbishop Thomas Wenski, Wenski, heartburn, US Sen, Joni Ernst, David Polyansky, Ted Cruz, Bob Vander Plaats, Vander Plaats, John Stemberger, Stemberger, we've, Trump, Mike Pence, Tim Scott, Pat Robertson, Michael Binder, Tom O'Shields Organizations: Catholic, Service, Florida Gov, First Presbyterian Church, Orlando Sentinel, DeSantis, GOP, New York, Our Lady Star, Republican, Gov, AP, Lourdes Catholic School, The, Catholic Church, El Paso Bishop, Miami Archbishop, Florida Conference of Catholic, US, Policy Council, Trump, University of North, Lilly Endowment Inc Locations: Florida, GREENVILLE, S.C, Iowa, South Carolina, Orlando, Tallahassee, DeSantis, Catholic Church, Northeast Florida, Cedar Rapids , Iowa, Dunedin , Florida, Ohio, Galilee, Israel, Tampa , Fla, Lakeland , Florida, California, Texas, Des Moines , Iowa, Clive , Iowa, University of North Florida, Greenville, Easley , South Carolina
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