Aldi urges suppliers to cut costs and go green amid U.S. expansion [Reuters]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Reuters
production of items like cheese, bring operations closer to stores, and focus on sustainability to sharpen the chain's competitive edge against rivals. In its inaugural U.S. supplier summit, Aldi U.S. urged suppliers to ensure on-time and complete product deliveries, while emphasizing scaling up production in the North and Southeast regions where the Aldi Sud-owned supermarket chain is undergoing significant expansion. Report this ad In exchange, Aldi pledged support to suppliers by aiding in establishing additional production lines or facilities, securing more long-term supply contracts, and collaboratively working on business development. WHY IT'S IMPORTANT Over 90% of sold by Aldi are private-label, placing the supermarket chain in intense competition with rival grocers expanding their own private-label food brands. Due to ongoing inflation, Americans are switching to less expensive private-label products, instead of high-cost national brands. CONTEXT Walmart last w
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KR
News
- The Kroger Co. (NYSE: KR) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Kroger Rings in Sunny Season with Fresh FavoritesPR Newswire
- Inflation rose in April, but showing signs of cooling [Yahoo! Finance]Yahoo! Finance
- GoodRx and Kroger Sign Direct Contracting Agreement [Yahoo! Finance]Yahoo! Finance
- Here's Why Kroger (KR) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 5/16/24 - Form PX14A6G
- 5/15/24 - Form ARS
- 5/15/24 - Form DEF
- KR's page on the SEC website