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Can Greg Foran Transform Kroger? | Fast Five Shorts · Omni Talk Retail

• 0:00
  Kroger
• 0:00
  has
• 0:00
  named
• 0:01
  former
• 0:01
  Walmart
• 0:01
  executive
• 0:02
  Greg
• 0:02
  Foreign
• 0:03
  as
• 0:03
  its
• 0:03
  new
• 0:04
  CEO,
• 0:05
  effective
• 0:05
  immediately.
• 0:06
  According
• 0:06
  to
• 0:07
  CNBC,
• 0:07
  Forin
• 0:08
  led
• 0:08
  Walmart
• 0:08
  US
• 0:09
  for
• 0:09
  six
• 0:09
  years
• 0:09
  until
• 0:10
  2019,
• 0:11
  where
• 0:11
  he
• 0:12
  oversaw
• 0:12
  a
• 0:12
  turnaround
• 0:13
  of
• 0:13
  the
• 0:13
  company's
• 0:13
  largest
• 0:14
  division,
• 0:15
  accelerated
• 0:15
  digital
• 0:16
  capabilities,
• 0:17
  introduced
• 0:18
  ordering
• 0:19
  online
• 0:19
  and
• 0:20
  online
• 0:20
  pickup,
• 0:21
  and
• 0:21
  delivered
• 0:21
  positive
• 0:22
  comparable
• 0:22
  sales
• 0:23
  growth
• 0:23
  for
• 0:23
  20
• 0:24
  consecutive
• 0:24
  quarters.
• 0:26
  Foreign
• 0:26
  replaces
• 0:26
  interim
• 0:27
  CEO
• 0:27
  Ron
• 0:28
  Sargent,
• 0:28
  who
• 0:29
  stepped
• 0:29
  in
• 0:29
  after
• 0:30
  former
• 0:30
  CEO
• 0:31
  Rodney
• 0:31
  McMullen
• 0:32
  resigned
• 0:32
  in
• 0:32
  March
• 0:33
  2025
• 0:33
  following
• 0:34
  an
• 0:34
  investigation
• 0:35
  into
• 0:35
  his
• 0:35
  personal
• 0:35
  conduct
• 0:36
  that
• 0:36
  violated
• 0:37
  the
• 0:37
  company's
• 0:38
  ethics
• 0:38
  policy.
• 0:39
  Most
• 0:39
  recently,
• 0:40
  Foran
• 0:40
  served
• 0:40
  as
• 0:41
  CEO
• 0:41
  of
• 0:41
  Air
• 0:41
  New
• 0:42
  Zealand
• 0:42
  for
• 0:42
  five
• 0:43
  years,
• 0:43
  where
• 0:43
  he
• 0:43
  led
• 0:44
  an
• 0:44
  end
• 0:44
  to
• 0:44
  end
• 0:44
  digital
• 0:45
  transformation
• 0:46
  and
• 0:46
  guided
• 0:46
  the
• 0:46
  airline
• 0:47
  through
• 0:47
  the
• 0:47
  pandemic
• 0:48
  while
• 0:48
  managing
• 0:49
  union
• 0:49
  negotiations
• 0:50
  and
• 0:50
  supply
• 0:51
  chain
• 0:51
  crises.
• 0:53
  Joe,
• 0:53
  what
• 0:53
  intrigues
• 0:54
  you
• 0:54
  most
• 0:54
  about
• 0:55
  Kroger's
• 0:56
  new
• 0:56
  CEO
• 0:57
  pick?
• 0:58
  Yeah,
• 0:58
  I
• 0:59
  think
• 1:00
  it's
• 1:01
  so
• 1:01
  interesting
• 1:01
  to
• 1:01
  see
• 1:01
  a
• 1:02
  company
• 1:02
  like
• 1:02
  Kroger
• 1:02
  pick
• 1:03
  somebody
• 1:03
  who
• 1:03
  is
• 1:04
  about
• 1:04
  as
• 1:05
  outsider
• 1:06
  as
• 1:06
  you
• 1:06
  can
• 1:06
  get
• 1:07
  while
• 1:07
  still
• 1:07
  having
• 1:08
  a
• 1:08
  lot
• 1:08
  of
• 1:09
  relevant
• 1:09
  experience.
• 1:11
  I
• 1:11
  think
• 1:11
  it
• 1:11
  kind
• 1:11
  of
• 1:11
  speaks
• 1:12
  to
• 1:12
  Kroger
• 1:13
  wanting
• 1:14
  to
• 1:15
  make
• 1:15
  some
• 1:16
  changes
• 1:16
  and
• 1:17
  bring
• 1:17
  somebody
• 1:17
  in
• 1:17
  who's
• 1:17
  not
• 1:17
  going
• 1:18
  to
• 1:18
  be
• 1:18
  afraid
• 1:18
  to
• 1:18
  make
• 1:18
  some
• 1:19
  changes.
• 1:20
  I
• 1:20
  guess
• 1:20
  if
• 1:20
  I
• 1:20
  had
• 1:20
  to
• 1:20
  pick
• 1:21
  one
• 1:21
  thing,
• 1:21
  though,
• 1:21
  it's
• 1:21
  interesting.
• 1:24
  During
• 1:24
  Ferrand's
• 1:25
  time
• 1:25
  at
• 1:25
  Walmart,
• 1:26
  he
• 1:26
  really
• 1:26
  thought
• 1:27
  a
• 1:27
  lot
• 1:27
  about
• 1:27
  how
• 1:27
  Walmart
• 1:28
  stores
• 1:28
  tied
• 1:29
  to
• 1:29
  the
• 1:29
  online
• 1:29
  experience
• 1:30
  and
• 1:30
  kind
• 1:30
  of
• 1:31
  making
• 1:31
  E
• 1:32
  commerce
• 1:33
  work
• 1:34
  for
• 1:34
  Walmart.
• 1:35
  And
• 1:35
  I
• 1:35
  think
• 1:36
  that
• 1:36
  expertise,
• 1:36
  given
• 1:37
  that
• 1:37
  Kroger
• 1:37
  has
• 1:37
  already
• 1:38
  been
• 1:38
  talking
• 1:38
  about
• 1:39
  making
• 1:39
  its
• 1:39
  E
• 1:39
  commerce
• 1:40
  business
• 1:40
  profitable
• 1:40
  by
• 1:40
  the
• 1:41
  end
• 1:41
  of
• 1:41
  the
• 1:41
  year,
• 1:42
  I
• 1:43
  think
• 1:43
  maybe
• 1:43
  that's
• 1:43
  the
• 1:43
  thing
• 1:43
  that's
• 1:44
  most
• 1:44
  intriguing
• 1:44
  to
• 1:44
  me
• 1:44
  is
• 1:45
  what's
• 1:45
  he
• 1:45
  going
• 1:46
  to
• 1:46
  bring
• 1:46
  to
• 1:46
  the
• 1:46
  table
• 1:46
  that's
• 1:47
  going
• 1:47
  to
• 1:47
  help
• 1:47
  them
• 1:47
  achieve
• 1:47
  that
• 1:48
  goal,
• 1:49
  right?
• 1:49
  Yeah,
• 1:49
  Joe,
• 1:50
  I,
• 1:50
  I
• 1:50
  kind
• 1:51
  of
• 1:51
  feel
• 1:52
  like
• 1:52
  I'm,
• 1:52
  I'm
• 1:53
  in
• 1:53
  the
• 1:53
  same
• 1:53
  vein
• 1:54
  or
• 1:54
  thinking
• 1:54
  in
• 1:54
  the
• 1:54
  same
• 1:54
  vein
• 1:55
  as
• 1:55
  you
• 1:55
  are.
• 1:55
  You
• 1:56
  know,
• 1:56
  he
• 1:56
  seems
• 1:56
  like
• 1:57
  a
• 1:57
  good
• 1:57
  person,
• 1:58
  especially
• 1:58
  with
• 1:58
  some
• 1:59
  of
• 1:59
  the
• 1:59
  initiatives
• 1:59
  that
• 2:00
  Kroger
• 2:00
  has
• 2:00
  been
• 2:00
  talking
• 2:01
  about
• 2:01
  on
• 2:01
  the
• 2:01
  store
• 2:02
  front
• 2:02
  too,
• 2:02
  like
• 2:03
  bigger
• 2:03
  boxes,
• 2:04
  having
• 2:04
  more
• 2:04
  general
• 2:05
  merchandise
• 2:05
  inside
• 2:06
  there.
• 2:06
  Like
• 2:07
  on
• 2:07
  paper,
• 2:07
  Greg
• 2:08
  seems
• 2:09
  like
• 2:09
  the
• 2:09
  right
• 2:09
  kind
• 2:09
  of
• 2:10
  person
• 2:10
  to
• 2:10
  kind
• 2:10
  of
• 2:11
  take
• 2:11
  Kroger
• 2:12
  into
• 2:13
  a
• 2:13
  position
• 2:14
  now
• 2:14
  of,
• 2:14
  you
• 2:15
  know,
• 2:15
  just
• 2:15
  kind
• 2:15
  of
• 2:15
  laying
• 2:16
  a
• 2:16
  good
• 2:16
  foundation
• 2:16
  and
• 2:17
  getting
• 2:17
  stable
• 2:18
  and
• 2:18
  trying
• 2:18
  to,
• 2:19
  you
• 2:19
  know,
• 2:19
  focus
• 2:19
  the
• 2:20
  teams
• 2:20
  and
• 2:21
  the
• 2:21
  right
• 2:21
  people
• 2:22
  on
• 2:22
  the
• 2:22
  initiatives
• 2:23
  that
• 2:23
  they
• 2:23
  have
• 2:23
  coming
• 2:23
  forward
• 2:24
  with
• 2:24
  them
• 2:24
  to
• 2:24
  really
• 2:25
  be
• 2:25
  competitive
• 2:26
  with
• 2:26
  a
• 2:26
  Walmart
• 2:27
  out
• 2:27
  there.
• 2:29
  My
• 2:29
  questions
• 2:29
  are
• 2:30
  too,
• 2:30
  and
• 2:30
  Chris,
• 2:30
  I'm
• 2:31
  curious
• 2:31
  to
• 2:31
  get
• 2:31
  your
• 2:31
  take
• 2:32
  on
• 2:32
  that
• 2:32
  is,
• 2:32
  you
• 2:33
  know,
• 2:33
  can
• 2:33
  he,
• 2:34
  he
• 2:34
  take
• 2:34
  his
• 2:34
  team?
• 2:35
  He
• 2:35
  has
• 2:35
  a
• 2:35
  legacy
• 2:36
  executive
• 2:36
  team
• 2:37
  that's
• 2:37
  been
• 2:37
  at
• 2:37
  Kroger
• 2:38
  for
• 2:38
  a
• 2:38
  long
• 2:38
  time
• 2:39
  around
• 2:39
  him
• 2:39
  and
• 2:40
  can
• 2:40
  they
• 2:40
  really
• 2:40
  start
• 2:41
  to
• 2:41
  plan
• 2:41
  then
• 2:41
  for
• 2:41
  the
• 2:42
  future?
• 2:42
  And
• 2:42
  is
• 2:42
  he
• 2:43
  kind
• 2:43
  of
• 2:43
  a
• 2:43
  long
• 2:44
  term
• 2:45
  CEO
• 2:45
  for
• 2:46
  Kroger
• 2:46
  or
• 2:46
  is
• 2:47
  this
• 2:47
  more
• 2:47
  of
• 2:47
  like
• 2:48
  another
• 2:48
  interim
• 2:49
  position
• 2:49
  who
• 2:49
  will
• 2:49
  stabilize
• 2:50
  things
• 2:50
  and
• 2:50
  then
• 2:50
  get
• 2:51
  it
• 2:51
  ready
• 2:51
  for
• 2:51
  the
• 2:51
  next
• 2:51
  one?
• 2:51
  Chris,
• 2:52
  what
• 2:52
  are
• 2:52
  your
• 2:52
  thoughts
• 2:52
  on
• 2:53
  that?
• 2:53
  Yeah,
• 2:54
  I
• 2:54
  think
• 2:54
  that's
• 2:54
  a
• 2:55
  really
• 2:55
  insightful
• 2:55
  point.
• 2:56
  You
• 2:56
  know,
• 2:56
  I
• 2:56
  think,
• 2:56
  you
• 2:56
  know,
• 2:57
  I
• 2:57
  find,
• 2:57
  you
• 2:57
  know,
• 2:58
  to
• 2:58
  answer
• 2:58
  the
• 2:58
  question
• 2:58
  too
• 2:58
  at
• 2:59
  the
• 2:59
  top,
• 2:59
  like,
• 2:59
  I
• 2:59
  think
• 2:59
  this
• 3:00
  is
• 3:00
  an
• 3:00
  intriguing
• 3:00
  announcement
• 3:01
  for
• 3:01
  a
• 3:01
  number
• 3:01
  of
• 3:01
  reasons.
• 3:02
  First,
• 3:02
  his
• 3:02
  background
• 3:02
  is
• 3:02
  Pedigrees,
• 3:03
  Woolworths
• 3:03
  Australia,
• 3:04
  Walmart.
• 3:04
  I
• 3:05
  mean,
• 3:05
  you
• 3:05
  know,
• 3:05
  on
• 3:06
  paper
• 3:06
  the
• 3:06
  guys,
• 3:07
  the
• 3:07
  guy,
• 3:07
  the
• 3:07
  guy
• 3:07
  meets
• 3:08
  all
• 3:08
  checks
• 3:08
  all
• 3:08
  the
• 3:09
  boxes,
• 3:09
  right?
• 3:09
  And
• 3:09
  I
• 3:10
  mean
• 3:10
  he,
• 3:10
  you
• 3:10
  know,
• 3:11
  he
• 3:11
  seems
• 3:11
  like
• 3:11
  a
• 3:11
  merchant
• 3:11
  through
• 3:12
  it,
• 3:12
  through
• 3:12
  the
• 3:12
  way
• 3:12
  he
• 3:12
  approaches
• 3:13
  store
• 3:13
  visits
• 3:13
  and
• 3:13
  everything.
• 3:15
  You
• 3:15
  know,
• 3:15
  he's
• 3:15
  coming
• 3:15
  from
• 3:15
  Walmart,
• 3:16
  Kroger's
• 3:16
  biggest
• 3:17
  competitor.
• 3:17
  So
• 3:17
  that
• 3:17
  has
• 3:18
  to
• 3:18
  mean
• 3:18
  something.
• 3:18
  You
• 3:19
  know,
• 3:19
  having
• 3:19
  that
• 3:19
  intelligence
• 3:20
  in
• 3:20
  the
• 3:20
  CEO
• 3:21
  suite
• 3:21
  has
• 3:21
  got
• 3:22
  to
• 3:22
  be,
• 3:22
  you
• 3:22
  know,
• 3:23
  very
• 3:23
  valuable.
• 3:24
  I
• 3:25
  do
• 3:25
  think
• 3:25
  though,
• 3:25
  with
• 3:26
  all
• 3:26
  that
• 3:26
  said,
• 3:26
  I
• 3:26
  think
• 3:26
  he's
• 3:27
  getting
• 3:27
  a
• 3:27
  little
• 3:27
  too
• 3:27
  much
• 3:27
  credit
• 3:28
  in
• 3:28
  the
• 3:28
  media
• 3:28
  for
• 3:28
  the
• 3:28
  digital
• 3:29
  turnaround
• 3:29
  at
• 3:29
  Walmart.
• 3:30
  I
• 3:30
  mean
• 3:30
  if
• 3:30
  I'm
• 3:30
  not
• 3:30
  mistaken,
• 3:31
  he
• 3:31
  had,
• 3:32
  he
• 3:32
  was
• 3:32
  the
• 3:33
  one
• 3:33
  under
• 3:33
  his
• 3:33
  tenure
• 3:33
  where
• 3:33
  they
• 3:34
  had
• 3:34
  two
• 3:34
  apps,
• 3:34
  one
• 3:35
  for
• 3:35
  gm,
• 3:35
  one
• 3:35
  for
• 3:36
  grocery
• 3:36
  that
• 3:36
  didn't
• 3:36
  get
• 3:37
  changed
• 3:37
  till
• 3:37
  much
• 3:37
  after
• 3:38
  he
• 3:38
  left.
• 3:38
  So
• 3:38
  I'm
• 3:38
  curious
• 3:39
  like
• 3:39
  how
• 3:39
  much
• 3:39
  that
• 3:40
  of
• 3:40
  that
• 3:40
  is
• 3:40
  real.
• 3:41
  But
• 3:41
  I
• 3:42
  think
• 3:42
  going
• 3:42
  back
• 3:42
  to
• 3:42
  your
• 3:43
  question
• 3:44
  now,
• 3:44
  I
• 3:45
  think,
• 3:45
  I
• 3:45
  think
• 3:45
  your
• 3:45
  point's
• 3:46
  right
• 3:46
  because
• 3:46
  I
• 3:46
  did,
• 3:46
  I
• 3:47
  actually
• 3:47
  looked
• 3:47
  up,
• 3:48
  he
• 3:48
  doesn't
• 3:48
  have
• 3:48
  a
• 3:48
  LinkedIn
• 3:49
  profile,
• 3:49
  which
• 3:50
  I
• 3:50
  don't
• 3:50
  know
• 3:50
  if
• 3:50
  you
• 3:50
  two,
• 3:51
  if
• 3:51
  you
• 3:51
  to
• 3:51
  uncover
• 3:52
  that
• 3:52
  in
• 3:52
  preparation
• 3:53
  for
• 3:53
  today's
• 3:54
  headlines
• 3:54
  too.
• 3:55
  But
• 3:55
  so
• 3:55
  I
• 3:55
  went
• 3:55
  on
• 3:56
  Wikipedia,
• 3:56
  the
• 3:57
  source
• 3:57
  of
• 3:57
  all
• 3:57
  knowledge
• 3:58
  and
• 3:59
  it
• 3:59
  turns
• 3:59
  out
• 3:59
  he's
• 4:00
  65.
• 4:01
  Like
• 4:02
  that
• 4:02
  is,
• 4:02
  that
• 4:03
  is
• 4:03
  an
• 4:03
  interesting
• 4:03
  age
• 4:04
  to
• 4:04
  hire
• 4:04
  a
• 4:05
  CEO,
• 4:05
  which
• 4:06
  tells
• 4:06
  me,
• 4:07
  you
• 4:07
  know,
• 4:07
  this
• 4:07
  is
• 4:07
  probably
• 4:08
  just
• 4:08
  at
• 4:08
  best
• 4:08
  a
• 4:09
  stopgap
• 4:09
  for
• 4:10
  a
• 4:10
  few
• 4:10
  years
• 4:10
  and
• 4:11
  that
• 4:11
  they
• 4:11
  really
• 4:11
  need
• 4:12
  to
• 4:12
  fortify
• 4:12
  the
• 4:12
  ranks
• 4:13
  underneath
• 4:13
  him
• 4:14
  very,
• 4:14
  very
• 4:14
  quickly
• 4:15
  for
• 4:15
  this
• 4:15
  to
• 4:16
  work
• 4:16
  in
• 4:16
  the
• 4:16
  long
• 4:17
  run.
• 4:17
  Because
• 4:18
  you
• 4:18
  know,
• 4:18
  I
• 4:19
  hate
• 4:19
  to
• 4:19
  say
• 4:19
  it,
• 4:19
  but
• 4:19
  it
• 4:19
  is
• 4:20
  a
• 4:20
  factor
• 4:20
  when
• 4:20
  you,
• 4:20
  when
• 4:21
  you
• 4:21
  look
• 4:21
  at
• 4:21
  these
• 4:21
  things.
• 4:22
  Yeah,
• 4:23
  it
• 4:23
  definitely,
• 4:23
  I
• 4:23
  think
• 4:24
  plays
• 4:24
  to.
• 4:24
  He's
• 4:25
  got
• 4:25
  the
• 4:25
  wisdom
• 4:25
  and
• 4:25
  the
• 4:26
  experience
• 4:26
  from
• 4:27
  his,
• 4:27
  his
• 4:28
  years
• 4:28
  of
• 4:28
  experience
• 4:29
  at
• 4:29
  Walmart.
• 4:30
  Wilbur,
• 4:30
  as
• 4:31
  you
• 4:31
  mentioned,
• 4:31
  even
• 4:31
  here
• 4:32
  in
• 4:32
  New
• 4:32
  Zealand,
• 4:32
  I
• 4:32
  think
• 4:33
  really
• 4:33
  thinking
• 4:33
  about
• 4:33
  how
• 4:34
  loyalty
• 4:34
  comes
• 4:34
  into
• 4:35
  play
• 4:35
  in
• 4:35
  these
• 4:35
  next
• 4:36
  few
• 4:36
  years
• 4:37
  as,
• 4:37
  as
• 4:37
  a
• 4:38
  region
• 4:38
  grocer
• 4:39
  and
• 4:39
  getting
• 4:40
  people
• 4:40
  into
• 4:40
  the
• 4:40
  store.
• 4:41
  So
• 4:41
  yeah,
• 4:41
  I
• 4:41
  think
• 4:42
  it
• 4:42
  makes
• 4:42
  a
• 4:42
  lot
• 4:42
  of
• 4:42
  sense
• 4:43
  to
• 4:43
  tap
• 4:43
  him
• 4:43
  for
• 4:44
  right
• 4:44
  now.
• 4:44
  But
• 4:44
  I
• 4:45
  think
• 4:45
  it's
• 4:45
  a
• 4:45
  great
• 4:45
  point
• 4:46
  Will
• 4:46
  this
• 4:47
  be
• 4:47
  a
• 4:47
  long
• 4:47
  term
• 4:48
  thing
• 4:48
  for
• 4:48
  Kroger?
• 4:49
  We'll
• 4:49
  have
• 4:49
  to
• 4:49
  wait
• 4:49
  and
• 4:49
  see.