UPDATE 2-Kroger to sell private label products in China through Alibaba [Reuters]
Kroger Company (The) (KR)
Last kroger company (the) earnings: 3/5 08:30 am
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Source: Reuters
Kroger to sell private label products in China through Alibaba | Reuters 2 Min Read (Reuters) - Kroger Co ( KR.N ) has partnered with Alibaba Group Holding Ltd ( BABA.N ) to sell its private label products on the e-commerce giant’s Tmall platform in China, making its first venture outside the United States. The U.S. grocer will sell its Simple Truth products on the online platform “to meet Chinese consumers’ growing demand for high-quality, organic food products,” an Alibaba spokesman told Reuters on Tuesday. Shares in Kroger jumped 2.4 percent to $30.45 in afternoon trading. Kroger is the largest U.S. supermarket operator, with some 2,800 stores in roughly three dozen states. The move from Cincinnati-based Kroger comes as the $800 billion U.S. grocery industry battles Amazon.com Inc’s ( AMZN.O ) aggressive expansion into groceries. “E-commerce enables Kroger to quickly scale to reach new customers and markets where we don’t operate physical stores, starting with China,” Yael Co
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News
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- Nourishing Tomorrow: How 'Food is Medicine' Advances Food Retailing and Positive Outcomes for Nutrition Responsive Health Conditions [Yahoo! Finance]Yahoo! Finance
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- Norfolk approves big box store development at Wards Corner site where Target sought [Yahoo! Finance]Yahoo! Finance
- 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