Kroger Group Undergoes Major Strategic Restructuring

August 2nd, 2017 One of the oldest grocery and merchandise store in United States, The Kroger Company has undergone restructuring. The company which was started in 1883 by Barney Kroger when he invested life saving of $372 at Pearl Street in downtown Cincinnati names one of its raw and clean food divisions as Pure Food Inc. The company whose original motto is “Be particular. Never sell anything you would not want yourself” has over the years served the customers with quality products emerging to be a strong retail force for a period of more than one- and- quarter centuries. With close to 2,800 stores spanning through 35 states in the United States, Kroger currently ranks among the largest retailers in the world. News of change of name had appeared earlier in the year but it was not certain whether the company was changing its brand name. Adoption of the new name is in line with the company operations where it supplies pure foods to its customers and affordable prices.

While responding to the queries, the company spokesperson Chris Bennet also revealed that PoundWorld Inc acquired BargainBuys inc. Pound World is one of the best performing retail stores in the UK. The change of name and acquisition of BargainBuys Inc by Pound World strengthens the company operations, making it an even stronger player in the retail industry both at home and in the international arena. While reacting to these news Chris Bennet said that Kroger Company is now strategically positioned in the retail industry and will continue serving its customers with a variety of products each aimed at offering highest satisfaction.

Throughout its history, the company has been an innovator and pioneer in the fast moving consumer goods industry. It was the first grocery in the 1930s to routinely monitor product quality and again in 1972 it became the first American grocery retailer to test electronic scanner. This trend has continued over the years winning the companies prestigious awards and accolades. One of the awards was the prestigious Black Pearl Award an award for the companies with long standing commitment to safety and quality.

About Kroger:

The Kroger Co. (NYSE:KR) is one of the largest retailers with an annual sales revenue of $115.3 billion. The company has multiple stores spread all across thirty five states in the United States of America. The stores include departmental stores, convenience stores, jewelry stores and groceries. The company is committed to providing quality products to the customers aiming at improving the community welfare through building strong relationships.

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Media Contact
Company Name: Pound World Press
Contact Person: Chris Bennet
Phone: 01924 420 260
Address:41A Park Place Shopping Centre – Walsall
City: West Midlands
Country: United Kingdom