CINCINNATI -- Kroger Co. here said it "remains comfortable" with its projections to achieve $40 million in synergy savings by the end of the fiscal year. 27, is proceeding smoothly, with "tremendous progress at all levels of the organization." Signs of that progress include the introduction of Fred Meyer's three-tiered private-label strategy; the conversion of 35 units of Smith's Food & Drug Centers in Phoenix and Tucson, Ariz., to the Fry's Food Stores banner, and the conversion of 14 ...

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