In the spotlight - Kroger
By: Dean Best | 11 December 2009
CEOs rarely publicly admit their mistakes but, this week, David Dillion, boss of US retail giant Kroger did just that after the company slashed its profit forecast and sent its shares tumbling. However, while Wall Street may be concerned that Kroger is cutting prices and investing in margin to stay competitive, some industry watchers believe that the retailer remains on the right track. Dean Best reports.
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CEOs rarely publicly admit their mistakes but, this week, David Dillion, boss of US retail giant Kroger did just that after the company slashed its profit forecast and sent its shares tumbling. However, while Wall Street may be concerned that Kroger is cutting prices and investing in margin to stay competitive, some industry watchers believe that the retailer remains on the right track. Dean Best reports.
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