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Kroger Considering Sale of Convenience Stores


On Wednesday, Kroger announced that it is considering a sale of its convenience stores amid fierce competition in the grocery business. Following the announcement, shares of Kroger increased over 5% in early trading. Mike Schlotman, Kroger's CFO said in a statement, "We want to look at all options to ensure this part of the business is meeting its full potential." Shares of Kroger have dropped at least 12% since June when online retail giant Amazon announced that it had acquired Whole Foods.

Added on the 11/10/2017 11:16:41 - Copyright : Wochit

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