Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Kroger to Invest $150 Million in New Dallas Area Stores, Upgrades

Already the largest grocer by market share in the area, Kroger (NYSE: KR  ) announced today it is investing an estimated $150 million to grow its presence in the greater Dallas/Fort Worth, Texas, area over the next two years with the planned expansion of three existing stores, and the building of five new locations.

Each of the five new outlets will include a Kroger fuel center, four of which are scheduled to open in 2015. The new store planned for Forney, Texas, is expected to open in 2014, Kroger said. The existing locations Kroger intends to build upon include adding one new fuel center, expanding an existing fuel station, and adding a combined 76,000 square feet of shopping space, according to Kroger's statement.

Commenting on the decision to add to its existing 85 stores and 43 fuel centers already in the region, President of Kroger Southwest Bill Breetz said, "Dallas is a market that continues to attract new residents and retailers because of its economic strength and stability."

As of Sept. 13, Kroger operated 2,419 grocery stores and 1,195 fuel stations, in addition to hundreds of convenience stores, jewelry outlets, and 37 food processing and manufacturing facilities. Kroger also operates 1,950 pharmacies within its food and drug stores, and has locations in 31 states.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2719330, ~/Articles/ArticleHandler.aspx, 9/25/2016 11:43:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:01 PM
KR $30.45 Down -0.30 -0.98%
Kroger CAPS Rating: ****