Rather than featuring long, tall aisles like traditional groceries, the new-format stores featured a courtyard in the center with a dozen “boutiques” around the perimeter, each selling a certain category of goods.
The biggest U.S. supermarket chain lost more than $7 billion in market value combined on Thursday and Friday, the biggest two-day loss for the company since December 1999.
A lawsuit alleging Kroger stores in Indiana have for years knowingly failed to collect and remit state sales tax on hundreds of non-exempt food items and other goods will be heard in state court after a judge denied the grocers’ bid to transfer the suit to federal court.
Under the agreement, prospective store buyers Kroger and Fresh Encounter would be able to operate pharmacies at the locations much sooner than rival CVS expected.
CVS wants to prevent buyers from operating pharmacies. Lockerbie Marketplace's owners say Fresh Encounter has failed to demonstrate it has the financial wherewithal to "fully perform" under the Marsh lease it wants to take over in that shopping center.
For decades, Marsh Supermarkets has had a lock on the downtown grocery market. Proposed store sales disclosed Tuesday, combined with the impending opening of Whole Foods, set the stage for three-way showdown.
The deadline was Monday for the company to identify a so-called stalking horse bidder, which would make an initial offer for the grocer's assets that any other suitor would have to beat. Bidders for the business still could emerge, but time is running out.
The Indianapolis Symphony Orchestra has quickly found a new title sponsor for its Symphony on the Prairie summer concert series after Marsh Supermarkets ended its 35-year run.
Kroger said it didn’t plan the event to take advantage of the Marsh closings, but it welcomes the local grocery chain’s former employees. The grocer is looking to fill more than 300 positions.
If Marsh’s two downtown stores close, as the struggling grocer has warned could happen within two months, the locations likely would attract interest from rival supermarket operators.
The Marsh chain continues to downsize amid growing competition. The store on East 86th Street has struggled to attract customers since a Kroger opened across the street in 2010.
The Cincinnati-based supermarket operator—the No. 1 grocery player in the Indianapolis area— said Friday it was hurt by falling prices of eggs, meats and other products, forcing it to lower its earnings guidance for the year.
Eric Halvorson, who lost his job at WISH-TV late last year after 32 years an anchorman and reporter, has been hired by the Kroger Co.
The supermarket chain will make naloxone available in its pharmacies across Ohio and northern Kentucky, a region hard-hit by deadly heroin.
The possible acquisition is not a complete surprise. Fresh Market has been trying to get someone to save it for months now, and Kroger has been on an aggressive acquisition spree.
The Fishers-based grocery chain did not say how much it would spend to "remodel and upgrade" 30 of its 73 stores.
Hotel Tango’s products, including its gins, vodkas and rums, will be available in 20 of the supermarket chain’s central Indiana and Bloomington stores.
Kroger will add about 150 stores in Wisconsin and Illinois with acquisition, expanding its already sizable presence in the Midwest.
Kroger is among several grocery stores that are testing or using online ordering systems in various markets.
Marsh, which has retrenched repeatedly since being acquired by Sun Capital Partners in 2006, now must weather even more competition from Kroger.
