Kroger s massive 2020 fuels huge 45% raise for CEO Rodney McMullen bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Sycamore Township-based real estate company Phillips Edison is flirting with becoming the region s newest publicly-traded company.
The company, which owns nearly 300 strip malls anchored by supermarkets – including Kroger – has outlined a plan to sell up to $100 million of stock. Other grocery tenants include, Walmart, Safeway, Publix, Sprouts and Stop & Shop.
The company said Cincinnati-based Kroger was its top tenant, anchoring 54 properties and generating 6.6% of its rental income.
Phillips Edison disclosed it has $5.3 billion in real estate assets that generated a $5.5 million profit last year on revenues of $498 million. Half its rent income comes from Sunbelt states, a quarter from the Midwest and the rest from Eastern states.
More growth expected amid strong demand and ongoing innovation, despite a shift to focus on core items
Consumer demand for products that meet the requirements of specific diets, especially keto and paleo, have continued to be a driver of better-for-you offerings in center store during the past year.
Despite widespread outages of certain center store items in 2020 and the culling of certain niche products, grocery retailers and distributors foresee the lingering supply-chain challenges eventually resolving themselves this year. The issues impacting manufacturers have included ingredient supply shortfalls, labor constraints and packaging-supply challenges, among others, which were exacerbated by elevated consumer demand for shelf-stable items, especially early in the pandemic but still continuing today. Consumers are gradually returning to pre-pandemic shopping routines, however, and those routines include an increasing focus on better-for you items with perceived health benefi
Hand in Hand to Hell: The Black/Jewish Alliance - Taki s Magazine takimag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from takimag.com Daily Mail and Mail on Sunday newspapers.