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Share Name | Share Symbol | Market | Type |
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Kroger Co | NYSE:KR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 55.28 | 0 | 01:00:00 |
CINCINNATI, Aug. 12, 2021 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today announced its inaugural Go Fresh & Local Supplier Accelerator cohort – Maazah, Nona Lim, Queen Charlotte's Pimento Cheese Royale, Simply Southern Sides, and Soupergirl.
"We invented the Go Fresh & Local Supplier Accelerator to discover the best, most innovative, and freshest local and regional products – and our group of winners is just that," said Dan De La Rosa, Kroger's group vice president of fresh merchandising. "We are proud to partner with these extraordinary suppliers to bring exciting new products to our stores across the country – and introduce customers to more locally made favorites."
Earlier this year, Kroger invited growers and producers to join the retailer's first Go Fresh & Local Supplier Accelerator. In collaboration with Efficient Collaborative Retail Marketing and RangeMe, Kroger reviewed more than 1,000 applications, selecting 15 finalists to participate in a pitch competition. The finalists recently traveled to Cincinnati for the pitch competition, which was judged by Milen Mahadevan, president of 84.51°; Valerie Jabbar, senior vice president of retail divisions at Kroger; Nick Tranchina, president of Murray's Cheese; Patrick Vihtelic, founder and CEO of HomeChef; Dan De La Rosa, group vice president of fresh merchandising at Kroger; and Brian Kelley, CEO of PearlRock Partners.
For the event, the finalists were grouped by region and each business presented a 10-minute pitch and provided samples to the judging panel, after which the judges were invited to ask questions and learn more about the brands and their founders. The judges then narrowed the list and named this year's winning brands to form the cohort.
2021 Go Fresh & Local Accelerator Winners:
"Kroger's Go Fresh & Local Supplier Accelerator has allowed us to identify additional growers, producers, and suppliers across regions, categories, and verticals – helping us diversify our product offering and our supplier relationships and create new ways for small businesses to partner with the largest grocer in America," said Stuart Aitken, Kroger's chief merchant and marketing officer. "Just last year, Kroger invested $4.1 billion in diverse suppliers — a 21% increase versus the previous year — and we aim to scale that number to $10 billion by 2030. This year's inaugural cohort is an intentional and impactful step toward achieving that bold goal."
Kroger will launch the cohort's products on its shelves by Q1 of 2022. Additionally, each cohort member will receive business development coaching and collaboration opportunities to expand their business. Early next year, Kroger anticipates announcing details for the 2022 Go Fresh & Local Supplier Accelerator. To learn more about this year's event, visit TheKrogerCo.com/GoFreshLocal.
Media Assets
To download pitch competition photography, please visit here.
About Kroger
At The Kroger Co. (NYSE: KR), we are Fresh for Everyone™ and dedicated to our Purpose: To Feed the Human Spirit®. We are, across our family of companies, nearly half a million associates who serve over 11 million customers daily through a seamless shopping experience under a variety of banner names. We are committed to creating #ZeroHungerZeroWaste communities by 2025. To learn more about us, visit our newsroom and investor relations site.
View original content to download multimedia:https://www.prnewswire.com/news-releases/kroger-announces-2021-go-fresh--local-supplier-accelerator-cohort-301354427.html
SOURCE The Kroger Co.
Copyright 2021 PR Newswire
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