Kroger to Focus on Core Grocery and Cut Roles
Kroger plans to focus on its core grocery business under CEO Greg Foran to combat intense retail competition. The grocer will invest in fresh foods and cut corporate roles over three years.
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KROGER CO plans to cut about a third of its corporate roles and pivot to its core grocery business under CEO Greg Foran. The strategy marks the first major overhaul shared with investors on Tuesday morning to claw back ground from bigger rivals. Weak consumer spending and margin pressures have forced mid-tier operators to rethink their cost structures.