Kroger has expansion plans for Florida
Kroger has purchased a 74,000-square-foot shopping center in Delray Beach, as the retailer continues to knock on Publix’s doors.
According to the Palm Beach Post, the Cincinnati-based grocery chain paid a reported $15 million for the Delray Beach location and an additional $2 million for an outparcel that includes a bank branch. According to the article, the purchased location is close to Florida’s largest grocery chain, Publix.
The potential new Kroger location would be the grocer's first appearance in the sunshine state, although the company does operate a Harris Teeter in North Florida and Lucky's Markets all over the state. Kroger currently operates in 35 states across the U.S., and within a few of those states, Publix and Kroger are already competitors, according to the Palm Beach Post.
Publix was recently voted as among one the top workplaces by Indeed.com, ranking at number 19 out of 50. The Florida grocer was also recently named one of the best workplaces for millennials. Fortune surveyed more than 434,000 millennials in its "Great Place to Work" survey. Millennials, those born between 1981 and 1998, make up about 45 percent of Publix’s workforce.
“With so much competition in recruiting today, companies are continuing to evolve their overall employee experience in the hopes of attracting and retaining top talent for their open positions,” says Indeed SVP of HR, Paul Wolfe. “Organizations that stood out among top-rated companies have worked hard to listen to the specific needs of their employees to provide an outstanding experience through strategic and thoughtful workplace programs.”
According to the Palm Beach Post, Publix reported sales of $34.6 billion for 2017 and a profit margin of 6.6 percent. Kroger showed $123 billion in revenues but a margin of just 1.6 percent in the same year.
To read the full article from Palm Beach Post, click here.