identical store sales
Coronavirus-related circumstances and the capabilities the company has developed to serve customers in new ways contributed to big gains The Kroger Co. made in the first quarter, the company asserted.
As it confronts new value grocery competition and discounters determined to cut costs in key competitive categories, as well as deflation in many segments, Kroger posted lower identical store sales and net earnings in the fourth quarter.
Kroger pointed to pricing pressures and a sluggish consumer in a challenging but still positive third quarter.
Supervalu is exploring a spin-off of its Save-A-Lot business. As Supervalu revealed its first quarter results, the company, which operates…