The Cincinnati Business Courier reports that Kroger CFO Michael Schlotman told an analysts meeting this week that while the company is shopping for acquisitions, it is only going to make deals that are an ideal fit.
In addition, Schlotman said, the company is looking at ways of developing a grocery delivery business: "We’ve had folks spend a lot of time in Europe lately trying to understand some of depot businesses and ideas like that where you can essentially have a great big drive-thru where you call in your order and the order’s ready for you and you put it in your trunk. Those potentially have merit."
In addition, Schlotman said, the company is looking at ways of developing a grocery delivery business: "We’ve had folks spend a lot of time in Europe lately trying to understand some of depot businesses and ideas like that where you can essentially have a great big drive-thru where you call in your order and the order’s ready for you and you put it in your trunk. Those potentially have merit."
- KC's View:
