02/29/2012
Kroger Posts Quarterly Loss after Merging Pension Funds
By holding down prices, Cincinnati-based Kroger has been gaining market share and outperforming rivals Safeway and Supervalu, Reuters said. The company reported a net loss of $306.9 million in the fourth quarter, compared with year-earlier profit of $278.8 million, due largely to charges related to merging pension funds, Reuters said.