Kroger to spend $150 million on Texas expansion

Dive Brief:

• Kroger’s will spend $150 million during the next two years on a large-scale expansion of its presence in the Dallas-Fort Worth area.
• The company plans to add five new Marketplace stores and to increase the size of three existing Kroger Signature stores.
• Other stores in the area are slated for remodeling.

Dive Insight:

Kroger’s Texas expansion comes as the company nears the completion of its acquisition of Harris Teeter, and as Chief Executive Officer David Dillon prepares to retire at the end of the year. The Texas investments may indicate that the succession team, including incoming CEO Rodney McMullen plan to double-down on existing markets, rather than invest in further acquisitions …at least for now.

Recommended Reading:

Supermarket News: Kroger Announces Investment in Dallas
Produce News: Kroger's $150 million capital investment in Dallas-Fort Worth

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