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Kroger To Acquire, Remodel Cautiously

CINCINNATI-The grocer has been actively looking for good buys in various markets, although executives say prices are still a little steep.

By Debra Hazel | Updated on June 23, 2009

CINCINNATI-The Kroger Co. is keeping its eyes open for more acquisitions, but don’t expect a major spending spree, executives said at the company’s first-quarter conference call on Tuesday.

The company is dedicated to spending money carefully, both on acquisitions and on its remodeling program, said David Dillon, chairman and CEO. The company did not acquire any stores in the just-completed quarter.

“We’re seeing [acquisition] opportunities. They’re episodic and we take advantage,” when practical, Dillon said. “But prices are still a little steep and we want to be cautious.”

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