The leading retail company Kroger announced that it has hired more than 100,000 workers in the past eight weeks, including those from the hardest-hit sectors like restaurants, hotels and food service distributors. The Kroger Family of Companies has invested approximately USD 700 million.
The fresh hiring have helped the Kroger to provide continuous access to fresh, affordable food and essential products to communities during the pandemic.
In December 2019, Building on a unique collaboration that first brought together The Kroger Co.’s food and grocery experience with Walgreens’ expertise in health and beauty, the companies have formed a new group purchasing organization (GPO) aimed at delivering purchasing efficiencies, lower costs and combined resources to help drive further innovation. The new joint venture will be called Retail Procurement Alliance.
In April 2019, The Kroger Co. announced it had completed the sale of its Turkey Hill business to an affiliate of Peak Rock Capital. Kroger’s sale of the Turkey Hill business was for total consideration of $215 million. Kroger intends to use the after-tax cash proceeds from the sale to reduce debt.
About The Kroger Co
The Kroger Co. is a global retail leader, based in USA. Kroger is the United States’s largest supermarket chain by revenue. It serves nine million customers daily through a seamless digital shopping experience and 2,800 retail food stores under a variety of brand names.