Kroger CEO discusses Walmart’s Rollbacks
June 18, 2010No Comments
Source: Forbes
Companies always keep a close eye on competitors, but when your rival is the biggest retailer on earth the pressure is even tougher. Supermarket retailer Kroger Co. reported its first-quarter results Thursday – net income fell but the results beat expectations and sales grew. However, the grocer is facing tough competition from Wal-Mart Stores Inc., which recently rolled out some of its fiercest reductions in food prices to help boost its slumping sales. Wal-Mart gets about half of its revenue from groceries.
» Click here to read the transcript of Kroger CEO David Dillon’s conference call with analysts.
