Kroger Announces Executive Promotion
Cincinnati, The Kroger Co. promoted Paul W. Heldman, currently senior VP, secretary and general counsel of the company, to executive VP, secretary and general counsel. Heldman joined Kroger in 1982 as a staff attorney from the Cincinnati law firm of Beckman Weil Shepardson LLC. He was elected assistant secretary of Kroger in 1987, VP and general counsel in 1989, secretary in 1992, and senior VP and general counsel in 1997.
Report: Consumers to Increase On-Line Purchases
New York City, Anew report by eMarketer entitled “U.S. Retail E-Commerce” revealed that U.S. consumers would increase their spending at on-line retail stores from $877 per consumer in 2005 to $1,512 per consumer by 2009, an increase of more than 50%. The report also revealed that even though the average annual growth rate of retail e-commerce sales will slow from the 26% seen between 2001 and 2005, it would remain strong at 18.6% from 2006 to 2009. “On-line shoppers, who have faster on-line connections and more Internet experience, are venturing beyond the safe-purchase categories of books, videos and toys that marked the first e-commerce success stories,” said eMarketer senior analyst Jeffrey Grau, in a statement.
FreshDirect Expands Delivery Areas
Long Island City, N.Y., On-line fresh-food delivery service FreshDirect said it plans to extend its delivery area to parts of Douglaston, Little Neck and Great Neck, N.Y. The service also recently began expanding its service in Northern New Jersey. In addition, FreshDirect is gearing up to serve the Hamptons in Long Island, N.Y., for its second summer.