Kroger (NYSE:KR) plans to expand its Fry's Food Stores division in Arizona as part of a $260 million investment in that market.
Fry's will build six new Marketplace stores and a new Fry's in Tucson with a planned fall opening. The properties will also include fuel centers.
"Fry's is a company that is focused on smart, strategic growth and providing a highly satisfied customer shopping experience," says Steve McKinney, president of Fry's Food Stores. "We've operated here since 1960. In that period, we've grown our footprint to 119 stores and 82 fuel centers."
Kroger has been on something of an expansion tear. It recently acquired Roundy's, opened a new concept called Main & Vine, and could be poised to buy Fresh Market as that chain gets auctioned off.
-See this Fry's press release
-See this Supermarket News article
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