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Fryâs set to open new West Valley store
Jim Poulin/Phoenix Business Journal
By: Brandon Brown - Phoenix Business Journal
Posted at 8:51 AM, Apr 07, 2021
and last updated 2021-04-07 11:51:16-04
BUCKEYE â Fryâs Food Stores, the Valleyâs largest grocery chain, is expanding its footprint yet again, opening a new store in Buckeye this spring.
The 109,690 square-foot, full-service grocery store, is set to open on May 5 at 19600 W. Indian School Road, the company announced Tuesday.
Fryâs built the store on 12 acres the company bought for $2.6 million in February 2017, according to documents filed with the Maricopa County Recorderâs Office.
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Executives break down strategic game plan in Investor Day event
The Kroger Co. detailed this year’s strategic growth plan led by fresh foods and digital at its virtual 2021 Investor Day conference.
Chairman and CEO Rodney McMullen told analysts and investors yesterday that Cincinnati-based Kroger aims to deliver a total shareholder return of 8% to 11% annually, backed by a financial model that now includes a higher operating profit base and a “clear path” to earnings growth of 3% to 5%.
In fiscal 2020, ended Jan. 30, Kroger added $10 billion to its top line. Sales totaled $132.5 billion, up 8.4% from 2019. That growth was 14.2% excluding fuel sales and dispositions. Identical sales excluding gas and adjustments surged 14.1% year over year.
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