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-0.00011983702165056 -0.000639130782136281 0 -0.000319565391068084 -0.0013501637772629 -0.00279619717184624 -0.00279619717184624 -0.00279619717184624
Stock impact report

Groveland wants $1.4 million from Kroger for facility closure [Yahoo! Finance]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: Yahoo! Finance
The city decided this week to seek the money it spent helping the national grocery chain open an eCommerce fulfillment center. Kroger announced last month it closing the three-year-old facility, though its agreement with Groveland said it would operate for 15 years, providing at least 60 jobs. It ended up employing more than 900 people but failed to stick around. The city wants its money back by Jan. 30. As part of an incentive agreement, Groveland of waived building permit fees and offered tax rebates to Kroger. “Failure of Kroger to maintain substantial operations at the project site constitutes a material breach in the agreement,” said Tim Maslow, the city's Community and Economic Development Director, during the city's council meeting Monday. “In other words, there is a claw-back mechanism.” Kroger announced on Nov. 18 that it would be closing the facility at Ford Commerce Park by Feb. 1. The closure is set to impact about 935 on-site employees and nearly 500 others, ma Show less Read more
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