KR Kroger Co

--Kroger Co. (KR) is preparing to lay off hundreds of employees across its grocery stores, CNBC reported, citing "a person familiar with the situation.

--In addition to its eponymous grocery stores, Kroger also owns Teeter Harris, Ralphs and Fred Meyer, the report said.

--A statement from a Kroger spokeswoman said, "As part of ongoing talent management, many store operating divisions are evaluating middle management roles and team structures with an eye toward keeping resources close to the customer," according to the report.

Full story: https://www.cnbc.com/2019/10/02/kroger-to-lay-off-hundreds-amid-questions-about-its-turnaound-plan.html

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

October 02, 2019 18:50 ET (22:50 GMT)

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