Kroger says it may sell its 780 convenience stores including KwikShop


NEW YORK (AP) — Grocery store operator Kroger says it’s contemplating promoting its fuel station comfort shops, reminiscent of KwikShop, Loaf ‘N Jug and Turkey Hill Minit Markets.

Kroger Co. says the enterprise, which has greater than 780 shops and eleven,000 staff, can be extra beneficial outdoors of the corporate. A sale would go away Kroger with about 2,800 supermarkets.

Shares of the Cincinnati-based mostly firm soared almost 6 % to $21.seventy one in morning buying and selling Wednesday.

Grocery retailer operators have been underneath strain after Amazon.com Inc. purchased Entire Meals this summer time. Some anticipate that the web retail big will shake up how individuals purchase groceries. On Wednesday, Kroger stated it might broaden self-checkout registers from 20 supermarkets to four hundred by subsequent yr.



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