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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 This material may not be published, broadcast, rewritten or redistributed.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 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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