Wednesday, July 29, 2015

How Kroger has gained from rivals’ mismanagement

Kroger’s prowess in running supermarkets has become the stuff of legend in the industry lately, but one analyst says there’s another reason it has done so well: rivals’ mismanagement. Cincinnati-based Kroger (NYSE: KR) keeps rolling along, piling up 46 consecutive quarters of same-store sales growth. That leads the industry. And its growth has been far above the norm in recent quarters. Its first-quarter same-store sales gain of 5.7 percent easily outpaced its big rivals. Kroger has been…
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