The Kroger Co. has shared additional insights about how the company lowered prices in previous mergers, bolstering its commitment to bring more consumers across America lower prices and more choices following its proposed merger with Albertsons Cos.
“We believe the way to be America’s best grocer is to provide great value by consistently lowering prices and offering more choices. When we do this, more customers shop with us and buy more groceries, which allows us to reinvest in even lower prices, a better shopping experience, and higher wages,” said Rodney McMullen, chairman and CEO of Kroger. “We know this model works because we’ve been doing it successfully for many years, and this is exactly what this merger will bring customers – lower prices and more fresh, affordable choices.”
This strategy is not new to Kroger. The retailer has invested to lower prices consistently since 2003, resulting in $5 billion in customer savings and providing more affordable products to families across America. Kroger offered an analysis that puts this significant investment into clearer context and includes additional details. Specifically, it demonstrates Kroger:
To learn more about the proposed merger between Kroger and Albertsons Cos visit here.
For more news of interest to the grocery industry, subscribe to Gourmet News.
Dollar Tree, Inc. announced a key role expansion for the company’s Chief Operating Officer Mike Creedon, who will add leadership of Dollar Tree & Family Dollar Merchandising and Supply Chain to his scope.
“We are fortunate to have an incredibly talented and dedicated leadership team at Dollar Tree and Family Dollar. As we’ve worked together over the last year to build our transformation strategy, Mike has served as a key leader driving our operational path forward,” said chairman and CEO Rick Dreiling. “In this expanded role, Mike will have full end-to-end accountability for delivering a best-in-class store experience for our customers. As I shared with our associates, while Mike and I will continue to work closely together, I am committed to leading this company and I remain fully engaged in all areas of the business.
Lead Independent Director Edward J. Kelly III said, “The organization is at an important inflection point as it executes its transformation plan. With Mike in this expanded role, working closely with Rick at the helm, we bring together key elements of that strategy that will have a significant positive impact on the company.”
With this alignment, Dollar Tree Chief Merchandising Officer Rick McNeely, Family Dollar Chief Merchandising Officer Larry Gatta and Chief Supply Chain Officer Mike Kindy will report to Creedon.
Before joining Dollar Tree in 2022, Creedon held several leadership roles at Advance Auto Parts for almost nine years, most recently as EVP and president of U.S. Stores. He also held executive positions with Tyco International and ADT Security.
Dollar Tree, a Fortune 200 Company, operated 16,622 stores across 48 states and five Canadian provinces as of Oct. 28, 2023. Stores operate under the brands of Dollar Tree, Family Dollar and Dollar Tree Canada.
For more news of interest to the discount grocery industry, subscribe to Gourmet News.