US: Kroger upbeat on sales trends
US supermarket group Kroger has indicated that identical store sales accelerated in the third quarter thanks to its focus on value.
Ahead of its investor conference today (15 October), the company said that through the first eight weeks of its third quarter, which began 17 August, identical supermarket sales growth was above 5% excluding fuel.
Sales in the second four weeks of the quarter were strongest, Kroger added.
"Kroger continues to see solid identical sales growth through the first eight weeks of the third quarter," said David Dillon, Kroger chairman and chief executive officer. "In this uncertain economy, we are delivering value to shoppers on any budget through our Customer 1st approach."
Dillon emphasised that Kroger has sufficient liquidity to finance its short-term borrowing needs through its US$2.5bn five-year credit facility that matures in November 2011.
US food safety officials have discovered salmonella at Setton Pistachio of Terra Bella's plant in California, which last week set off a nationwide recall of pistachios in the country....
US pistachio growers and processors have joined forces to produce a website to inform consumers of the products and brands that are confirmed safe to consume....
Once again, the issue of food safety reared its head in the US and once again, a nut maker is at the centre of the outbreak. The likes of PepsiCo, Kraft Foods and Kroger have pulled lines after the co...
US nut maker John B. Sanfilippo and Son and retailer Publix Super Markets have added to the growing list of pistachio recalls in the country....
The recall of salmonella-contaminated pistachios has drawn in a number of other companies, with PepsiCo's Frito-Lay, Kraft Foods and Kroger forced to issue consumer recalls....
The US Health Secretary-designate has indicated that she would look to rebuild trust in existing food safety regulators such as the US Food and Drug Administration....
US retailer Kroger has issued another product recall, with an announcement on a mayo line following yesterday's (31 March) move by the company to pull more shelled pistachios....
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