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VOL. 132 | NO. 203 | Thursday, October 12, 2017

Kroger Says It May Sell Its 780 Convenience Stores

The Associated Press

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NEW YORK (AP) – Supermarket operator Kroger says it is considering selling its gas station convenience stores, such as KwikShop, Loaf 'N Jug and Turkey Hill Minit Markets.

Kroger Co. says the business, which has more than 780 stores and 11,000 employees, would be more valuable outside of the company. A sale would leave Kroger with about 2,800 supermarkets.

Shares of the Cincinnati-based company soared nearly 6 percent to $21.71 in morning trading Wednesday.

Grocery store operators have been under pressure after Amazon.com Inc. bought Whole Foods this summer. Some expect that the online retail giant will shake up how people buy groceries. On Wednesday, Kroger said it would expand self-checkout registers from 20 supermarkets to 400 by next year.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 102 224 17,767
MORTGAGES 127 277 20,703
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 510 36,326
BANKRUPTCIES 54 146 11,828
BUSINESS LICENSES 21 80 5,640
UTILITY CONNECTIONS 27 147 12,181
MARRIAGE LICENSES 11 60 4,417

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