If you thought Kroger's performance since the inception of "Restock Kroger" (aka Rodney's Follies) has been dissapointing, you haven't seen anything yet.
I invision that moral and store conditions will be abysmal during the upcoming holiday season leading to poor sales and profits.
Rodney committed to $400 million in savings from the 3 year Restock Kroger initiative. Most likely in November the amount of savings will be revised down. Question should an employee be allowed to retain their position if they deliver less than 50% of the results they committed to?
Additionally let's not forget the sale of assets (C-stores, Turkey Hill and real estate) to fund Rodney's follies
Rodney is out of his league, Kroger's culture has become toxic under Rodney's command. The board of director's are not holding the executives of Kroger accountable for their performance. This is something shareholders need to unite on to avoid further erosion of Kroger as a company.