Recovery in Limbo: Kroger CEO

CINCINNATI — The economic recovery that had been expected for this year may have stagnated, David B. Dillon, chairman and chief executive officer of Kroger Co. here, told analysts last week. With Kroger predicting last week that inflation could rise 3% to 4% for the year rather than the 1% to 2% the company had previously predicted we are looking for people to trade down or buy fewer discretionary items

CINCINNATI — The economic recovery that had been expected for this year may have stagnated, David B. Dillon, chairman and chief executive officer of Kroger Co. here, told analysts last week.

With Kroger predicting last week that inflation could rise 3% to 4% for the year — rather than the 1% to 2% the company had previously predicted — “we are looking for people to trade down or buy fewer discretionary

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TAGS: Kroger