CINCINNATI — The economic recovery that had been expected for this year may have stagnated, David B. Dillon, chairman and chief executive officer of Kroger Co. here, told analysts last week. With Kroger predicting last week that inflation could rise 3% to 4% for the year — rather than the 1% to 2% the company had previously predicted — “we are looking for people to trade down or buy fewer discretionary items if things get a little tight,” Dillon said. “As inflation gets stronger, we think ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.