Food Business News - May 30, 2017 - 1
May 30, 2017 | foodbusinessnews.net
STORY ON PAGE 41
IN THIS ISSUE
10 Campbell invests in Chef'd,
sets sights on e-commerce
Competition over proliferating,
Kroger continues to evolve
12 Inventure Foods continues
to explore strategic options
37 Looking to an old practice
for bread innovation
NEW YORK - With a plethora of competition in the marketplace, retailers such as
The Kroger Co. must stay on the lookout
for new ways to go to market, said J.
Michael Schlotman, chief fi nancial
officer and executive vice-president
of the Cincinnati-based company.
In a May 9 presentation at the Goldman Sachs Staples Forum in New York,
Mr. Schlotman summed up the situation
like this: "Seems like everybody buys
food, so they believe they can sell food."
He pointed to Staples, primarily
known as a marketer of office supplies, as
a retailer that now features food products in its advertisements. To combat the
growing competition, Kroger continues
to evolve by looking for ways to go to
"We have different size stores,"
Mr. Schlotman explained. "We have a
multitude of formats, from convenience
stores all the way up to multi-department
CONTINUED ON PAGE 22