KR - The Kroger Co.

NYSE - Nasdaq Real Time Price. Currency in USD
21.59
-0.10 (-0.46%)
As of 9:49AM EDT. Market open.
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Previous Close21.69
Open21.73
Bid21.66 x 3200
Ask21.67 x 1000
Day's Range21.55 - 21.81
52 Week Range21.17 - 32.74
Volume448,007
Avg. Volume8,575,244
Market Cap17.246B
Beta (3Y Monthly)0.84
PE Ratio (TTM)9.50
EPS (TTM)2.27
Earnings DateSep 11, 2019 - Sep 16, 2019
Forward Dividend & Yield0.64 (2.95%)
Ex-Dividend Date2019-08-14
1y Target Est26.27
Trade prices are not sourced from all markets
  • Kroger Names First-Ever Agency of Record: DDB New York
    PR Newswire1 hour ago

    Kroger Names First-Ever Agency of Record: DDB New York

    CINCINNATI and NEW YORK, July 22, 2019 /PRNewswire/ -- Kroger announced today it has named DDB New York as its official Agency of Record (AOR) after a historic competitive pitch process. As Kroger's first-ever creative AOR, DDB will be responsible for developing a refreshed, stronger brand identity to support the company's vision of serving food inspiration and uplift through Restock Kroger and beyond. "Kroger is excited to partner with DDB New York to uplift our brand," said Mike Donnelly, Kroger's executive vice president and chief operating officer.

  • Kroger Goes Full Robot to Take On Amazon
    Bloomberg2 hours ago

    Kroger Goes Full Robot to Take On Amazon

    (Bloomberg Opinion) -- Kroger Co., the giant but aging supermarket chain, has unleashed a flurry of initiatives to ensure it won’t get thumped in a post-Amazon-buying-Whole-Foods world: It is revamping locations, bought a meal-kit company, and sold off its convenience-store business. Its biggest gamble, though, is a partnership with British online grocer Ocado Group Plc. The two plan to build as many as 20 automated grocery warehouses in the U.S. to help Kroger turbocharge its e-commerce operation.Grocery has proven a uniquely tough business to bring into the online era. Orders often have dozens of items – some frozen, some cold, some room temperature – and much of the inventory is perishable. That simply makes for a different challenge than the one Amazon.com Inc. has successfully tackled by getting a single laptop computer or phone charger on your doorstep in one day.Ocado has focused specifically on digital grocery shopping for its entire corporate life, and it shows. At its newest online grocery fulfillment center outside London, 1,000 robots zoom around a grid at a speed of four meters (13 feet) per second, extending a gripper to pick up and transport bins of groceries. The system strips out labor costs and enables human workers to pack about 600 items per hour. Every aspect of the fulfillment process is designed for the unique quirks of grocery, including systems that cue workers about what items in a given order they should put in a single grocery bag. (This ensures, for example, that something heavy doesn’t plop onto a dozen eggs.) Ocado estimates its system saves one hour of labor for every 50-item order – no small thing in a segment of retail with notoriously thin profit margins.There is a real benefit to specializing in solving the grocery conundrum, as Ocado has done. The company’s sales increased 12% last year to 1.6 billion pounds ($2 billion), according to its annual report, and its active customer count increased 11 percent from the previous year. So I’m confident that Ocado will improve Kroger’s game and equip it with advantages in the battle for U.S. market share. Ocado’s system will enable it to fill orders especially quickly and has a high level of accuracy – both important contributors to customer satisfaction. Down the road, it’s not hard to envision even more labor costs getting stripped out of Ocado’s system, enhancing the model’s profitability. But timing is everything in the fast-changing online grocery world. And right now, Amazon and Walmart Inc. are leading the pack.Neither Amazon nor Walmart has a system with the exact sort of wizardry of Ocado’s; even so, each is exploring its own ways of using automation to help with profitability and customer experience. Walmart is testing driverless cars for grocery delivery, and Amazon recently showed off some new warehouse robots of its own. It will take Kroger up to five years to build out the fleet of Ocado warehouses it has committed to building. I worry that won’t be fast enough to vault it past Walmart and Amazon in the race for online grocery supremacy – no matter how advanced  and efficient Ocado’s system is.Take, for example, the specialized delivery vehicles Ocado has developed. They can be loaded with racks of grocery-filled bins designed to fit practically every inch of available cabin space and they have a separate compartment for cold items. A routing algorithm helps ensure they are loaded in an order conducive to a driver’s delivery path and that those routes are optimized for efficiency. This sounds way more efficient than some of the solutions Walmart and Amazon use these days, where a DoorDash or Amazon Flex contractor-courier loads up the trunk of his sedan with groceries. But that efficiency gain is only useful if Kroger can get the density of orders to make it count.Investors have already punished Kroger this year for disappointing on comparable sales growth and its annual profit forecast. It’s hard to assess how much this project might further test their patience, especially because the companies haven’t offered specifics on how they will share the costs of establishing and maintaining these facilities. But we know it won’t be cheap: Kroger has said it is investing $55 million to build the first of the Ocado-powered fulfillment centers.It might help if Kroger talked up other ways the warehouses could potentially support its business later, such as one day sending replenishment stock to nearby stores. And the new warehouses, in some cases, will be positioned to potentially expand Kroger’s addressable market. One of the first facilities Kroger committed to building is in central Florida, a market that Bloomberg Intelligence analyst Jennifer Bartashus points out is one where regional heavyweight Publix Super Markets Inc. is beloved and ubiquitous and Kroger doesn’t have much presence. Kroger sees opportunity to crack this market with a compelling online offering.Overall, Kroger is better off for having partnered with Ocado. But I suspect it will turn out this arrangement doesn’t completely jolt the broader U.S. grocery industry the way it could have if it had been forged three or five years ago, before the competition had fully awakened to the e-commerce opportunity. Better late than never. To contact the author of this story: Sarah Halzack at shalzack@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Why Is Kroger (KR) Down 6.2% Since Last Earnings Report?
    Zacks2 days ago

    Why Is Kroger (KR) Down 6.2% Since Last Earnings Report?

    Kroger (KR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Kroger (KR) Gains As Market Dips: What You Should Know
    Zacks3 days ago

    Kroger (KR) Gains As Market Dips: What You Should Know

    Kroger (KR) closed the most recent trading day at $21.69, moving +0.14% from the previous trading session.

  • Bull of the Day: Amazon (AMZN)
    Zacks3 days ago

    Bull of the Day: Amazon (AMZN)

    Bull of the Day: Amazon (AMZN)

  • 5 Retail Stocks to Buy That Are Getting It Done
    InvestorPlace4 days ago

    5 Retail Stocks to Buy That Are Getting It Done

    To put it bluntly, retail is a bloodbath these days. Consumers have gotten fickler than ever, which has created an interesting environment for many retail stocks to operate in.Today, people want their goods when they want it and how they want it. This means that both physical stores and digital commerce need to be blended. Two-day and even one-day shipping is now the norm, while online ordering and pick-up have quickly become a default option for many consumers.Needless to say, a lot of retail stocks have buckled under this pressure. Store closures and bankruptcies dot the sector.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, not all retail stocks are being tossed to the wolves. In fact, several are getting it right. That includes the right tech and consumer experiences to compete in the new omnichannel paradigm. These winners are proving that investors don't have to ignore the sector completely, but they do have to be selective. Choose wrong and you could be staring at plenty of empty storefronts. * 7 Stocks Top Investors Are Buying Now Which retailers are getting the job done in omnichannel? Here are five retail chains that will be winners in the years ahead. Williams-Sonoma (WSM)When being a "foodie" and collecting kitchen gadgets weren't as popular as they are today, Williams-Sonoma (NYSE:WSM) was really the only game in town for it. If you wanted to find new kitchen appliances, high-end imported foods, and other now-common kitchen items, you had to go to WSM. Because of this, the retailer has built up a fanatical fanbase of customers.The best part is this fanbase tends to be older and more affluent than typical bargain shoppers. After all, if you're willing to drop nearly $12,000 on an espresso machine, you have some cash to spend. And they tend to transfer their love of the brand down to their children when they finally become adults.The same could be said for its other major brands like Pottery Barn and West Elm for home furnishings. WSM has managed to create a cohort of wealthy customers that are willing to shop there first before anywhere else. This gives it a monster edge over many other retail stocks.Williams-Sonoma has been an earnings machine -- especially in the world of omnichannel. It has been able to get people into its stores for demos and product help while making plenty of revenues online. Sales have grown by an annual rate of 6% per year since 2010, while earnings have grown 11% per year over the same time. And it has been sharing the wealth via a growing dividend. Today, WSM yields almost 3%.All in all, WSM stock has all the right ingredients to keep winning in the new retailing world. Five Below (FIVE)Dollar stores have been incredibly resilient in the face of rising online and omnichannel shopping. But dollar-store Five Below (NASDAQ:FIVE) isn't like your local Dollar General (NYSE:DG). The product is very different. That is, it's geared towards kids, tweens, and even college students. You're looking at toys, games, cheap tech gear and beauty items. Moreover, much of the product mix shifts as the season's change -- which adds a "treasure hunt" aspect to their locations and necessitates repeat customers.And customers are coming back in a big way.Because of its operating model and low-cost of goods, the funky dollar store has managed to turn sales into actual profits. New stores have an average payback time of just one year, while profits have compounded by over 32% per year since its IPO. That's torrid growth considering this is a budget retailer. And FIVE has managed to do all of this without debt. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Given its focus on tweens as well as on-trend goods, the retail stock has a unique niche that can't be tackled by many other rivals. For investors, this position offers plenty of opportunities to grow into the future. Kroger (KR)The grocery business is pretty cutthroat to begin with. Margins tend to be thin, consumers fickle. For many retail stocks that have operated in the sector, bankruptcy has been a forgone conclusion. This is especially true now that e-commerce giants like Amazon (NASDAQ:AMZN) have entered the market.But Kroger (NYSE:KR) seems to be getting it right, albeit slowly. The firm has been able to leverage its scale as the nation's largest supermarket chain to make a serious go at the new world of omnichannel.This includes unveiling new order ahead options for its products, apps, a big partnership with Instacart, and other tech-oriented consumer experience products. Today, KR has more than 1,685 stores that offer order pickup locations as well as over 2,125 delivery locations for its groceries. That covers about 93% of its customers.These efforts have helped grow digital sales by more than 42% during the first quarter of this year. Meanwhile, Kroger has been copying Amazon and Walmart's (NYSE:WMT) playbooks and moving into so-called alternative revenue streams. This includes media and advertising, customer data, and other real estate investments. KR is on track to start producing some significant revenues this year. So far it crushed its latest earnings estimates and was able to increase its dividend by a whopping 14%.Though KR's moves are working at a slow pace, the grocery giant could be an interesting value among retail stocks. KR is getting it right, it's just taking time. At least you get paid a hefty dividend while you wait. Home Depot (HD)What housing crisis?That's the mantra for home improvement giant Home Depot (NYSE:HD). The retailer continues to see rising sales and demand for various home improvement products and services. And the reason is simple: HD has started to seriously court the next generation of homeowners.Thanks to generally low interest rates and looser lending standards, Gen X and Millennials are finally able to buy homes. But they are not buying move-in ready McMansions. They're buying fixer-uppers that require plenty of sweat equity, which means plenty of trips to Home Depot. Moreover, HD has courted these customers with new omnichannel operations, mobile apps, and customer service experiences.It's working in a big way. Last year, HD pulled in record profits and the streak is continuing this year. Sales for the first quarter of this year increased 5.7% to clock in at $26.4 billion. Earnings per share managed to jump by over 9%. Its continued moves into omnichannel have certainly helped on this front.With the continued revenue and EPS gains, HD has rewarded shareholders in a big way. Thanks to improved results, Home Depot unveiled a new monster $15 billion buyback program and increased its dividend by an insane 32%. And with interest rates set to drop further, more people could be able to buy a home. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond All in all, HD's outlook could be one of the rosiest of all retail stocks. O'Reilly Automotive (ORLY)Grease monkeys and gearheads could give a flip about online and e-commerce sales. Both classic and modern cars require plenty of knowledge and specialized parts, many of which can only be found at your local auto parts store. Moreover, several maintenance issues require special disposal of waste. You can't just chuck old motor oil down the drain. That necessitates a trip to a physical location.All of this could help explain why O'Reilly Automotive (NASDAQ:ORLY) crushed the market last year.The retail stock has seen plenty of steady single and low double-digit earnings increases over the last few years as the economy continues to expand and miles driven increase. As long as the economy continues to clip at a steady pace, ORLY should be able to get the growth going.Another reason for its success is its management team. The stock is packed with insiders and family ownership. Because of this high ownership, management often takes more long-term views of investments and decisions. Yes, it's about improving quarter to quarter, but its more about building the company over the decades. And ORLY has done just that. During the recession, a decision to expand made the firm the giant it is today.With new moves to court professional garages and a $1 billion buyback now under its belt, ORLY continues to make the right moves in the new retail environment.At the time of writing, Aaron Levitt had a long position in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 5 Retail Stocks to Buy That Are Getting It Done appeared first on InvestorPlace.

  • Buy Visa (V) Heading into Q3 Earnings?
    Zacks4 days ago

    Buy Visa (V) Heading into Q3 Earnings?

    Visa Inc. (V) is set to report its Q3 fiscal 2019 earnings results on Tuesday as second quarter earnings season heats up.

  • Kroger plans Marketplace store in Butler County
    American City Business Journals5 days ago

    Kroger plans Marketplace store in Butler County

    Kroger Co. has plans to replace a West Chester Township store with a much larger Marketplace store, according to a proposal by the property’s developer.

  • Bloomberg6 days ago

    Amazon Comes Under Fire as Lawmakers Grill Tech on Competition

    (Bloomberg) -- Amazon.com Inc. was challenged by a top House lawmaker over whether the online retail giant is harming competition as the biggest tech companies faced their harshest antitrust scrutiny in years on Capitol Hill.Democratic Representative David Cicilline of Rhode Island, who chairs the House antitrust panel, put Amazon on the hot seat at a hearing Tuesday, suggesting its business model suffers from conflicts of interest and that it can use its control over data to thwart competition from third-party sellers on its platform.“You are selling your own products on a platform you control and they’re competing with products from other sellers,” Cicilline said.Amazon lawyer Nate Sutton denied the company uses data it collects on sales to favor its own products over third-party sellers. He also argued that it’s common in the retail industry for stores to sell their own brands that compete against others.Cicilline fired back: “The difference is Amazon is a trillion-dollar company that runs an online platform with real-time data on millions of purchases and billions in commerce and can manipulate algorithms on its platform and favor its own product -- that is not the same as a local retailer,” he said.The exchange, as Amazon’s Prime Day sales event extended into a second day, came at hearing where four of the biggest U.S. tech firms -- Amazon, Facebook Inc., Alphabet Inc.’s Google and Apple Inc. -- defended their businesses against criticism that they are too dominant. The session marked the first time the companies have faced grilling from Congress about whether they are hindering competition.Cicilline said his inquiry is still in the fact-gathering stage but the series will eventually lead to legislative steps that go beyond self-regulation.“I think it will absolutely require some action by Congress, either by way of regulation, new statutory enactments, new resources for antitrust agencies, more likely a combination of those three things,” he told reporters after the executives testified.Cicilline is bearing down on the companies as antitrust enforcers prepare their own scrutiny after a mostly hands-off approach to the industry.The Justice Department and the Federal Trade Commission, which share antitrust jurisdiction, have taken the first steps toward investigating conduct by the biggest companies by divvying up oversight with the Justice Department taking responsibility for Google and Apple, and FTC overseeing Facebook and Amazon.A report by the University of Chicago’s Stigler Center this year found that digital markets tend to be winner-take-all in which one firm comes to dominate. That creates an incentive for the companies to edge out new challengers that could threaten that dominance.Republican Jim Sensenbrenner of Wisconsin on Tuesday cautioned against calls for breaking up the big technology companies.“Just because a business is big doesn’t mean that it is bad,” he said. Antitrust laws “do not exist to punish businesses just because they are big.”All four companies repeatedly insisted that they face abundant competition, from one another and from other companies. Although Amazon controls about half of U.S. e-commerce sales, Sutton pointed out the company makes up just 4% of all retail sales, with competition from Walmart Inc. and Kroger Co., among others. Facebook’s Director of Public Policy Matt Perault pointed to competition from Apple, Amazon and Google, among others.That argument met with skepticism from lawmakers. Representative Joe Neguse, a Colorado Democrat, pointed out that Facebook has the most monthly active users worldwide of any social media platform, with its Instagram, Whatsapp, and Facebook messenger in the top six.“You can understand the skepticism because when a company owns four of the largest six entities measured by active users in the world in that industry, we have a word for that, and that’s monopoly – or at least monopoly power,” he said.\--With assistance from Daniel Stoller.To contact the reporters on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.net;Ben Brody in Washington, D.C. at btenerellabr@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Kroger Co. (KR) Stock a Great Pick for Value Investors?
    Zacks6 days ago

    Is Kroger Co. (KR) Stock a Great Pick for Value Investors?

    Kroger Co. (KR) stock may be a good choice for value-oriented investors right now from multiple angles.

  • Target Keeps Tab of Changes in Retail Landscape to Stay Afloat
    Zacks6 days ago

    Target Keeps Tab of Changes in Retail Landscape to Stay Afloat

    Target's (TGT) strategic efforts help result in robust traffic, favorable store comps and surge in comparable digital sales.

  • Grocery Outlet’s off-price model is poised for growth — as long as the shelves stay stocked
    MarketWatch6 days ago

    Grocery Outlet’s off-price model is poised for growth — as long as the shelves stay stocked

    Grocery Outlet Holding Corp. is poised for growth, according to Morgan Stanley analysts led by Simeon Gutman, as long as the off-price grocer can keep goods on the shelves.

  • Kroger Gains Edge, Food 4 Less Brings Home Delivery Service
    Zacks7 days ago

    Kroger Gains Edge, Food 4 Less Brings Home Delivery Service

    Kroger's (KR) subsidiary Food 4 Less starts a new home delivery service. Groceries will be delivered at the customers' doorstep on the same day at their preferred time.

  • Kroger subsidiary adds home delivery service at all of its stores
    American City Business Journals7 days ago

    Kroger subsidiary adds home delivery service at all of its stores

    A Kroger Co. subsidiary will now deliver groceries to its customers doorsteps. Food 4 Less, based in Compton, Calif., is offering the home delivery service in conjunction with Instacart at all 129 of its locations in California, Illinois and Indiana. "We strive to provide our customers with the best shopping experience and believe that offering home delivery adds a new convenience when shopping at Food 4 Less," Bryan Kaltenbach, president of Food4Less/FoodsCo., said in a release.  Customers can place their home delivery orders through the store’s website.

  • U.S. CBD Sales to Grow an Average of 107% Annually Through 2023
    Motley Fool8 days ago

    U.S. CBD Sales to Grow an Average of 107% Annually Through 2023

    A new report projects nearly $24 billion in U.S. cannabidiol sales by 2023.

  • Uber and Lyft are pushing the online grocery business underground
    MarketWatch10 days ago

    Uber and Lyft are pushing the online grocery business underground

    The growing use of ride-sharing apps is pushing the online grocery business underground, according to CommonSense Robotics, a company that is using propriety technology, including artificial intelligence, to fulfill its mission of delivering online grocery orders within one hour. CommonSense said construction on its second “micro-fulfillment” center is underway. The fulfillment center will be 18,000-square-feet with an average height clearance of just 11 feet and three temperature zones to accommodate fresh, chilled and frozen items.

  • PR Newswire10 days ago

    Food 4 Less Launches Home Delivery Service

    LOS ANGELES, July 12, 2019 /PRNewswire/ -- Food 4 Less shoppers can now have their groceries delivered to their doorsteps thanks to a new home delivery service being offered via Instacart at all 129 Food4Less/ FoodsCo. "We strive to provide our customers with the best shopping experience and believe that offering home delivery adds a new convenience when shopping at Food 4 Less," said Bryan Kaltenbach, president of Food4Less/FoodsCo.

  • Despite Some Digital Channel Disappointment, Is Kroger Stock a Buy?
    Motley Fool10 days ago

    Despite Some Digital Channel Disappointment, Is Kroger Stock a Buy?

    Its stock price has fallen some 15% since its last earnings report. Tread lightly for now but keep an eye on this grocer.

  • Reuters11 days ago

    Climate activists find warmer reception at shareholder meetings

    Climate activists found companies more receptive to steps like cutting emissions or buying clean power this year, a new tally of shareholder resolutions shows, a trend proponents said undercuts the case for proxy rule changes sought by business groups. Of the 145 climate-related proposals filed for this year's springtime annual meeting season, 39 percent led to deals and were withdrawn, according to Ceres, a Boston-based advocacy group that coordinates and tracks the resolutions. For instance restaurant parent Yum! Brands Inc in April agreed to track its emissions and to identify ways to reduce them, leading activists to withdraw a shareholder proposal before a shareholder vote, a company spokeswoman confirmed.

  • American City Business Journals11 days ago

    Kroger to build $55 million fulfillment center in Forest Park, add 400 jobs to the area

    Kroger plans to open a $55 million automated fulfillment center in Forest Park that is expected to create more than 400 jobs.

  • P&G and Macy's drop among largest advertisers, but Kroger rises
    American City Business Journals11 days ago

    P&G and Macy's drop among largest advertisers, but Kroger rises

    Procter & Gamble Co. slipped to fourth-largest advertiser in the United States in 2018 – down from No. 2 the previous year despite spending almost as much, according to new estimates by Advertising Age.

  • Kroger and Ocado select next site for distribution center
    American City Business Journals11 days ago

    Kroger and Ocado select next site for distribution center

    Kroger Co. and British online grocery retailer Ocado have selected another site for the huge automated warehouse and distribution centers they’re opening around the country.

  • Moody's11 days ago

    Delhaize Le Lion / De Leeuw B.V. -- Moody's announces completion of a periodic review of ratings of Koninklijke Ahold Delhaize N.V.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Koninklijke Ahold Delhaize N.V. Paris, July 10, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Koninklijke Ahold Delhaize N.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • MarketWatch11 days ago

    Kroger and Ocado to invest $55 million in Georgia fulfillment center, create 400-plus new jobs

    Supermarket chain Kroger Co. and Ocado Group Plc, a UK0based online grocery retailer, said Thursday they are investing $55 million in a fulfillment center in Forest Park, Georgia that will create more than 400 new jobs. The center will be an automated warehouse facility with digital and robotic capabilities and will be replicated across the U.S. Last month, Kroger broke ground on the first such center, located in Monroe, Ohio. The Georgia facility will occupy 375,000 sq. ft. and is expected to be operational by 2021. Kroger shares were not active premarket, but have fallen 21% in 2019, while the S&P 500 has gained 19%.

  • Kroger and Ocado Name Georgia Location of High-Tech Customer Fulfillment Center
    PR Newswire11 days ago

    Kroger and Ocado Name Georgia Location of High-Tech Customer Fulfillment Center

    ATLANTA, July 11, 2019 /PRNewswire/ -- The Kroger Co. (KR), America's largest grocery retailer, and Ocado (OCDO.L), one of the world's largest dedicated online grocery retailers, today announced plans for a new high-tech customer fulfillment center (CFC) in Forest Park, Georgia, a $55 million investment that will create more than 400 new jobs. "Kroger is incredibly excited to construct one of our industry-leading Customer Fulfillment Centers in Forest Park—a city south of Atlanta—through our relationship with Ocado," said Robert Clark, Kroger's senior vice president of supply chain, manufacturing and sourcing.