Kroger to open a Marketplace in North Texas

Kroger (NYSE:KR) is closing in on the opening of its eighth Marketplace store in North Texas. The store's larger format, spanning 400,000 sq. ft., is meant to provide customers with one-stop shopping, reported The Dallas Morning News.

Kroger Marketplaces, all 123,000 sq. ft. or lager, have an expanded grocery selection, including general merchandise ranging from housewares and baby gear to furniture and toys. Fred Meyer operates a jewelry store in most Kroger Marketplace locations.

The company already has several Marketplaces in the North Texas area and is in the midst of expanding in other areas where the format already has a presence.

Along with its physical expansion, Kroger has also been growing in the way of sales. Last month the supermarket chain reported a same-store sales increase of 5.2 percent in the latest quarter, marking the supermarket's 45th consecutive quarter of growth.

Kroger continues to invest in improving and expanding its supermarket reach, and at the end of 2014, the company announced it would invest $100 million in its Michigan stores.

For more:
-See this The Dallas Morning News article

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