Kroger says it may sell its 780 convenience stores

NEW YORK — Supermarket operator Kroger says it is considering selling its gas station convenience stores, such as KwikShop, Loaf 'N Jug and Turkey Hill Minit Markets.

Kroger Co. says the business, which has more than 780 stores and 11,000 employees, would be more valuable outside of the company. A sale would leave Kroger with about 2,800 supermarkets.

Shares of the Cincinnati-based company soared nearly 6 percent to $21.71 in morning trading Wednesday.

Grocery store operators have been under pressure after Amazon.com Inc. bought Whole Foods this summer. Some expect that the online retail giant will shake up how people buy groceries. On Wednesday, Kroger said it would expand self-checkout registers from 20 supermarkets to 400 by next year.

Related News

Honduras' electoral court declares president election winner

Dec 18, 2017

Honduras' electoral court has declared President Juan Orlando Hernandez the winner of last month's disputed election

As election nears, Dutch prime minister is under pressure

Jan 27, 2017

Dutch Prime Minister Mark Rutte _ known by many as "Teflon Mark" because scandals and criticism tend to slide off him _ is showing signs of wear just weeks before a national election

Katie Couric, Meredith Vieira return to 'Today' as fill-ins

Dec 22, 2016

NBC's 'Today' show is bringing back Katie Couric and Meredith Vieira for a week each in January as maternity replacements for Savannah Guthrie

You may also like these

Honduras' electoral court declares president election winner

Dec 18, 2017

Honduras' electoral court has declared President Juan Orlando Hernandez the winner of last month's disputed election

As election nears, Dutch prime minister is under pressure

Jan 27, 2017

Dutch Prime Minister Mark Rutte _ known by many as "Teflon Mark" because scandals and criticism tend to slide off him _ is showing signs of wear just weeks before a national election

Katie Couric, Meredith Vieira return to 'Today' as fill-ins

Dec 22, 2016

NBC's 'Today' show is bringing back Katie Couric and Meredith Vieira for a week each in January as maternity replacements for Savannah Guthrie

Financial Markets

Oriental News Today delivers breaking news and deep engaging content in Asia. It’s the only source you need for the latest Asia news.

Contact us: sales@orientalnewstoday.com

General NewsFashion DesignIntellectual PropertyInformation TechnologyFood & DrinkTravelCultures Press