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Kroger to Lower Prices After Albertsons Merger

The Kroger Co. has shared additional insights about how the company lowered prices in previous mergers, bolstering its commitment to bring more consumers across America lower prices and more choices following its proposed merger with Albertsons Cos.

“We believe the way to be America’s best grocer is to provide great value by consistently lowering prices and offering more choices. When we do this, more customers shop with us and buy more groceries, which allows us to reinvest in even lower prices, a better shopping experience, and higher wages,” said Rodney McMullen, chairman and CEO of Kroger. “We know this model works because we’ve been doing it successfully for many years, and this is exactly what this merger will bring customers – lower prices and more fresh, affordable choices.”

This strategy is not new to Kroger. The retailer has invested to lower prices consistently since 2003, resulting in $5 billion in customer savings and providing more affordable products to families across America. Kroger offered an analysis that puts this significant investment into clearer context and includes additional details. Specifically, it demonstrates Kroger:

  • Consistently lowered prices and improved the customer experience during previous mergers: Kroger invested more than $125 million to lower prices at Harris Teeter after its merger in 2014 and more than $100 million to lower prices at Roundy’s after its merger in 2016. Additionally, Kroger invested $2.5 million and $2.4 million in capital per Harris Teeter and Roundy’s store, respectively, to enhance the customer experience in the three years following each merger.
  • Reduced profits to ensure groceries remained affordable for families across America: Kroger’s ongoing work to lower prices in the last 20 years reduced its gross margin by 5%. Meanwhile, Amazon, Ahold Delhaize, Walmart and Dollar General have increased gross margins by 22 percent, 4 percent, 1 percent and 2 percent, respectively, during the same time period.
  • Made clear, consistent commitments to lower prices and improve the customer experience post-merger: Kroger will invest $500 million to lower prices following the merger with Albertsons starting day one following the transaction close. Kroger will also invest $1.3 billion to improve Albertsons’ stores following the merger, all to better serve customers.
  • Will become more competitive and able to invest even more to support customers and over 700,000 associates by combining with Albertsons. Kroger’s merger with Albertsons will allow it to attract and retain more customers by lowering prices, creating a more seamless and personalized experience and expanding its selection of fresh, affordable food. By doing so, Kroger expects to grow revenues and drive additional investments in pricing and store improvements as well as wages and benefits.

To learn more about the proposed merger between Kroger and Albertsons Cos visit here.

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F&B@Sea Sets 2024 Conference Program in Miami

F&B@Sea, the one-of-a-kind experience for the cruise food and beverage ecosystem, has unveiled details of its 2024 conference program. The conference beckons industry pioneers and cruise lines to converge at the Mana Wynwood Convention Center in Miami from April 10-11 to explore the latest trends and innovations shaping the future of cruise F&B.

The conference sessions promise a deep dive into evolving consumer trends, the burgeoning demand for local sourcing, and the profound impact on F&B preferences aboard cruise ships, all while addressing the growing necessity for sustainable practices within the industry.

Kicking off with the State of the Industry Keynote: Navigating the Cruise F&B Supply Chain, on 10 April from noon to 1 p.m., attendees will delve into the intricate dynamics of cruise F&B supply chains. The keynote will spotlight discussions on sustainable sourcing, F&B supply/demand dynamics, and the evolving landscape of local procurement in global destinations.

Following the keynote, attendees can expect enlightening sessions on Local Flavors, Global Appeal and The Evolution of Specialty Restaurants on Board. These sessions will explore authentic cultural food experiences, immersive dining concepts, and the rise of local culinary options—three of the top trends forecast to dominate the period of 2024/25, as outlined in the latest Cruise F&B Trends Report.

A highlight of the program includes a groundbreaking cruise Supplier Workshop: Conscious Trends Shaping Cruise F&B Supply & Demand, curated in partnership with the Plant Based Food Association. Scheduled for April 11 from 12:30 to 1:30 p.m., this workshop is designed to empower current suppliers, and new entrants to the cruise sector alike, in meeting the escalating demand for sustainable practices, products, and supply within cruise F&B operations.

“We are thrilled to unveil our 2024 conference program, which promises to be a transformative event for the cruise industry,” said Chiara Giorgi, Global Brand and Event Director for Seatrade Cruise. “This conference represents a unique opportunity for industry leaders to come together, share insights, and chart the course for a more sustainable and innovative future in cruise F&B.”

View the full program here.

After successfully launching in March 2023, F&B@Sea returns with more vendors, more produce, and more variety with over 100 F&B suppliers taking part at the live marketplace. Attendees can also expect a host of new features and immersive brand activations alongside the inaugural F&B@Sea Awards on April 11. F&B@Sea will run alongside the world’s largest cruise conference & exhibition, Seatrade Cruise Global (April 10-11, Miami Beach Convention Center) with shuttle buses running regularly between the two events.

For more information on F&B@Sea or to register, visit www.seatradecruiseevents.com/fnbsea

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Bell Flavors & Fragrances Announces Promotions

Bell Flavors & Fragrances, Inc. announced strategic promotions within the company’s Flavor and Fragrance divisions as well as Consumer & Sensory Science and Customer Service departments at its global headquarters in Northbrook, Ill.

“Bell Flavors & Fragrances continues to grow thanks to the strategic leadership of these individuals and the impact their teams are having on employee engagement and the customer experience,” said Ron Stark, president & CEO.

Benjamin Stanley, CRC has been promoted to director of sweet applications at Northbrook. In his new role, Stanley will continue to grow Bell’s sweet dairy business and serve as lead technical support. He will also co-lead a cross-functional team leveraging Bell’s more than 110-year-long intellectual property legacy by curating internal technology capabilities and expanding them to new applications.

Stanley holds a bachelor’s degree in culinary arts from Kendall College and a master’s degree in Innovation through Northeastern University’s D’Amore McKim School of Business. He is certified as a research chef by the Research Chef’s Association.

Vuk Levakov has been promoted to senior director of beverage applications at Northbrook.

Levakov will continue to manage Bell’s beverage applications team and collaborate with cross-functional partners to develop and execute strategic plans. His additional responsibilities involve creating efficient processes and procedures for the team and improving the customer experience for Bell’s beverage clients.

Vuk holds a master of science degree in food science and human nutrition from the University of Illinois Urbana-Champaign.

Andrew Petrouhas been promoted to flavorist, Savory Lab manager at Northbrook.

Petrouhas will lead day-to-day operations of Bell Flavors & Fragrances’s Savory Lab and spearhead the development of savory innovations and commercial projects to deliver best-in-class results to Bell’s customers. He will also continue training and educating a new generation of future flavorists.

Petrouhas holds a bachelor of science degree from the University of Illinois Urbana-Champaign and in 2023 became certified member of the American Society of Flavor Chemists.

Melissa Scharoff has been promoted to junior perfumer and fragrance evaluation manager at Northbrook.

In her new role, Scharoff will begin working as a Junior Perfumer, creating fragrances under the guidance of the Perfumery Team while continuing to work as a Fragrance Evaluator within the Fragrance Development Team.

Scharoff holds a bachelor’s and master’s degree in chemistry from the University of Rochester and was recently accepted as a member of the American Society of Perfumers.

Karen Graves has been promoted to vice president of shared technical services at Northbrook.

Graves will lead the development and execution of the strategic vision and best-in-class service levels for Bell’s Technical teams. Graves will also co-lead a cross-functional team leveraging Bell’s over 110-year-long intellectual property legacy by curating internal technology capabilities and expanding them to new applications.

Graves earned her bachelor’s degree in food industry and business and master’s degree in food science, specializing in sensory science, from University of Illinois Urbana-Champaign (U of I). She also holds a certificate in business administration from U of I.

Susan Payton has been promoted to vice president of customer service at Northbrook.

Payton will be at the forefront of elevating customer satisfaction in her new role, overseeing and guiding Bell’s customer service operations. Her responsibilities include devising and executing strategies to enrich the customer experience, efficiently addressing challenges and fostering ongoing enhancements in Bell’s customer service processes.

Payton holds a Bachelor of Arts degree from the University of Illinois Urbana-Champaign.

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