Interim Kroger CEO Pledges to Build More New Stores
Interim Kroger CEO Ron Sargent said June 26 the retailer wants to ramp up new store construction in 2026.
While Kroger has invested heavily in recent years in its eCommerce business over the last decade, Sargent said during the company's annual shareholder meeting the retailer's best customers shop both in stores and online.
He noted that while Kroger just announced it would shutter 60 unprofitable stores over the next 18 months, it plans to reinvest the savings back into the business, including new stores...
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