Kroger Executive Details Investment

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An executive with The Kroger Co. (NYSE: KR) says Indiana's “vibrant” economy helped attract a more than $460 million investment. The grocery store chain's plan includes opening or remodeling more than 30 stores and adding more than 3,400 jobs, primarily in central Indiana. On this weekend's edition of Inside INdiana Business Television, Central Division President Jeff Burt said, in addition to food, new Kroger Marketplace stores will carry clothing, shoes and baby items. Kroger's plan also includes a new regional training center that will train new hires and existing employees.

“It's something that we will absolutely have to have in order to grow the way we want to grow,” Burt said.

Burt says business is good in Indiana and Kroger has remained very competitive in the marketplace.

Kroger says the plan quietly began in 2014 and will continue through 2017.

Sources: The Kroger Co., Inside INdiana Business