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Resilient Kroger readies for recovery
In retailing, it’s a given that a long-term, severe recession will cut through the ranks of food, drug and general merchandise retailers like a scythe through wheat, pushing weaker players out of the market as consumer spending dries up and Darwinian realities winnow the field. But it’s also true that the strongest merchants can emerge not only intact, but also with even brighter prospects if they innovate, invest and retain the loyalty of their customers.
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Save Mart promises fast, affordable Rx
The 59-year-old Save Mart supermarket chain more than doubled its store count in 2007 with the purchase of 132 Albertsons stores, but entered something of a dormant period since then. Save Mart now operates 241 stores in California and Nevada, down from a peak of 255 in 2009, and 114 in-store pharmacies, down from 115 in 2009.