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• Kroger yesterday announced what it called "a one-time Voluntary Retirement Offering for certain non-store associates ... Eligibility for the Voluntary Retirement Offering will generally include administrative associates who meet certain criteria related to age and years of service as of December 1, 2016. The offer does not include store and district associates, senior officers, and supermarket division presidents.

"Approximately 2,000 non-store associates are eligible for the Voluntary Retirement Offering. Because it is voluntary, savings and cost will be based on the number of associates who accept the offer between now and early March, when the consideration periods expire."

CEO Rodney McMullen described the move as being consistent with the company's Customer 1st Strategy, which endeavors to establish cost controls in areas that do not impact customer service.

Reuters reports that Kevin Grace, Tesco's former group commercial director in the UK, "will not face charges from the Serious Fraud Office (SFO) over the accounting scandal."

Grace left the company in 2014, just after details about the fraud began to emerge, showing that the company had systemically understated costs and overstated revenues as a way of making its financial numbers look better.

"In October," Reuters writes, "three former senior executives of Tesco accused of fraud and false accounting were told they would face trial next September. Christopher Bush, who was managing director of Tesco UK, Carl Rogberg, who was UK finance director, and John Scouler, who was UK food commercial director, were charged by the SFO in September with one count of fraud by abuse of position and one count of false accounting."
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