Kroger is closing 3 of its e-commerce fulfillment facilities in Texas and Florida [Yahoo! Finance]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Yahoo! Finance
The cross-docking warehouses — located in Austin, San Antonio and Miami — will be closed at the end of May, a Kroger spokesperson told The Associated Press Thursday, adding that all impacted associates had been offered other opportunities within the company. “Despite our best efforts, including the support from new customers, learnings from other locations and the incredible work of our associates, these facilities did not meet the benchmarks we set for success," Kroger's spokesperson said. The spokesperson added that that the retailer "remains committed to growing its e-commerce offerings, delivering fresh food to more communities across the U.S.” These kind of spoke facilities extend the reach of Kroger's network with British online retailer Ocado . Ocado's larger automated facilities assemble orders, which are then shipped to the cross-docking warehouses and placed into smaller delivery trucks. Amid rising competition in e-commerce particularly seen during the pandemic era
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News
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- KR vs. WMT: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
KR
Earnings
- 3/7/24 - Beat
KR
Sec Filings
- 4/26/24 - Form 4
- 4/25/24 - Form 4
- 4/24/24 - Form 4
- KR's page on the SEC website