With massive changes across the retail grocery market, Kroger is the latest to make strategy shifts. Since May, the company has closed six Pick 'n Save banners, operating under its Roundy’s subsidiary, which Kroger closed a deal to acquire in 2015.
The company cited streamlining its operations as a driving reason behind the decisions to shutter the six Pick 'n Save locations, according to source Milwaukee Business News.
“Our company policy is not to comment on any strategic actions that may occur in the normal course of operations,” said James Hyland, Vice President of Corporate Communications and Public Affairs at Roundy’s Supermarkets, Inc, according to the source.
The impacted stores are located at:
Late last year, the organization announced it would be making a $50 million investment in upgrading and remodeling the banner.
“We’ll spend well over $50 million starting to remodel the stores in Milwaukee in 2017,” said Kroger CEO Rodney McMullen, in an article published by the Milwaukee-Wisconsin Journal Sentinel. “We’ll continue to expand the Metro Market concept as well.”
How will these strategic shifts continue to impact the deli industry? Follow along with Deli Market News as we continue to report.
